Fuel levy collections drop by nearly Sh1bn on higher taxes

Fuel2

KRA collected an estimated Sh164.03 billion in fuel taxes between last July and December. PHOTO | SHUTTERSTOCK

Collections from the Petroleum Development Levy (PDL) dipped by nearly Sh1 billion in the year ended June, pointing to the depressed consumption of super petrol and diesel.

Official data from the Ministry of Energy and Petroleum shows that Kenya Revenue Authority (KRA) collected Sh25.2 billion from the levy in the year ended June, a Sh904.5 million drop from Sh26.1 billion raised the previous year.

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Note: The results are not exact but very close to the actual.