Opposition leader Raila Odinga has reiterated the need to find a solution to the 16 per cent VAT on petroleum products. He spoke after a meeting with former Gatanga MP Peter Kenneth at his Capitol Hill office, sparking speculation on whether they reached a 2022 election deal. Raila earlier urged Kenyans not to panic over the hiked fuel prices, saying it will soon be reversed. Treasury CS Henry Rotich said the levy will supplement tax revenue sources given the enormous consumption of the petroleum products in the economy. The suspension lasted for three years after which petroleum products were to be subjected to VAT from September 1, 2016.

Source: The Star September 05, 2018 02:50 UTC