THE NATIONAL ASSEMBLY PROPOSES A NEW REGIME FOR PETROLEUM PRICING IN KENYA

Introduction In October 2021, the Petroleum Products (Taxes and Levies) (Amendment) Bill 2021 (hereinafter ‘the Bill’) was tabled in the National Assembly by the Departmental Committee on Finance and National Planning. The Bill, if enacted, would introduce various changes to the petroleum pricing framework in Kenya. The Bill was introduced amid concerns regarding the drastic …

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