Fiscal Policy FP 2018

To reduce fuel tax January 18, 2018
Jan 2018

Govt reduces duty on fuel January 23, 2018

Government yesterday reduced excise duty on fuel, in a move expected to result in a decline in prices of basic goods, as high production cost structures were being partly attributed to high fuel prices. Excise duty on petrol fell by 6,5 cents per litre from 45 cents per litre to 38,5 cents per litre, while that on diesel and paraffin declined from 40 cents per litre to 33 cents per litre.