State of the Nation address on new VAT levy by President Uhuru

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President Uhuru Kenyatta has proposed a fuel VAT cut from 16 to eight per cent, meaning the price of petrol will drop from Sh127 to Sh118 and that of diesel from Sh115 to Sh107.

The President announced this during a national address on Friday, on matters including Finance Bill, 2018 which he reviewed and returned to Parliament on Thursday evening.

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