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Tuesday, June 28, 2022

Energy Ministry owns up to inefficient fuel subsidy programme


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The government is collecting about Ksh 24 billion monthly in taxes and spending Ksh 21 billion on fuel subsidies making it unsustainable, Energy ministry has said.

Petroleum Principal Secretary Andrew Kamau says this has drastically reduced tax revenue from petroleum products to a level where the government is barely collecting any tax from fuel.

The National Treasury last week announced plans to gradually adjust fuel prices in a move aimed at eliminating the need for fuel subsidy beginning…

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