HomeBusinessKRA will not charge excise duty on petroleum products.

    KRA will not charge excise duty on petroleum products.

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    Due to Kenya’s ongoing inflation, the Kenya Revenue Authority (KRA) has intervened to protect Kenyans from a potential increase in the price of petrol.

    Githii Mburu, the Commissioner General (CG) of the KRA, said that the Authority will not apply the 6.3% inflation adjustment to the excise duty imposed on petroleum products.

    A Leaver Notice had already been distributed for publication, Mburu said, stressing that a further increase in petroleum prices would have an impact on the prices of other products.

    Mburu did, however, point out that the taxman had already published a notice stating that the additional fees levied on all other items will go into effect on October 1.

    Since the Energy Petroleum Regulatory Authority (EPRA) monthly review from September 15 revealed that it had charged Ksh18 per litre for both super petrol and diesel, the KRA revelation has saved Kenyans money.

    Liquefied petroleum gas (LPG), petroleum jelly, motor oil, and synthetic rubber used in the production of tires, wax, and jet fuel are further goods that fall within the category of petroleum products.

    The cost of drinks, bottled water, fruit juice, wine, and toothpaste will all be impacted. Imported sugar and white chocolate will also go up in price.

    Additionally, the new tax would be applied on imported sim cards, motorbikes, tobacco-related items including nicotine, cigarettes, cigars.

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