On Friday, May 31, the Kenyan newspapers reported on the impending increase in cooking oil costs that will further raise the cost of living. Daily NationKenyans will have to dig more into their pockets to buy cooking oil if a proposal to increase excise duty on edible oils in the Finance Bill 2024 passes. The bill proposes to impose a 25% excise duty tax on raw and refined vegetable oils, which will increase the cost of a litre of the commodity by KSh 160. This means a litre of cooking oil will retail at over KSh 600. Former Ndaragwa MP Jeremiah Kioni accused the president of lying, claiming the trip cost KSh 200 million.

Source: Daily Nation May 31, 2024 04:20 UTC