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Post By starrdust
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Power User
New taxes on petrol angers Kenyans
Kenyan commuters woke up on Monday to hiked public transport fares after the government introduced a 16% value added tax on all petroleum products.
The hike has seen a litre of petrol sell at $1.27 (£1) in the capital, Nairobi, with reports of 100% increases in public transport fares.
The new tax is likely to raise the cost of living as manufacturers who use diesel are expected to pass on the high cost of production to consumers.
A local TV station has shared a video of motorcycle operators holding a protest against the tax hike in Nakuru town, 159km (98 miles) west of Nairobi.
Others protests are planned.
The fuel levy came into effect following a recommendation by the International Monetary Fund two years earlier in a bid to plug holes in the budget.
The taxman is expected to raise about $700m through the new levy.
Meanwhile, MPs have threatened to impeach Kenya’s Finance Minister Henry Rotich over new tax.
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