A man adjusts fuel prices downwards on a price board at a petrol station in Eldoret town on September 15, 2014. The Energy Regulatory Commission is on Wednesday expected to announce new fuel prices, with consumers expecting a high reduction as global prices continue on a free fall. PHOTO | JARED NYATAYA |
Parliament has published a petroleum products tax amendment bill, setting in motion efforts to lower the prices of fuel when the House resumes its sittings next week.
“The objective of this Bill is to review taxes and levies on petroleum with a view of making the products cheaper. The global prices have been on the rise in the recent months hence to bring the price of fuel down, there is a need to reduce the taxes and levies applicable to petroleum products,” the bill says.
