Prof. Njuguna Ndung’u, Treasury Cabinet Secretary, justified the Finance Bill 2023’s rigorous plans to raise taxes across the board, particularly on wages and fuel, by stating that they represent an accurate estimate of where the economy should be heading.

He asserted that some of the Bill’s provisions are intended to bring Kenya into line with other East African states because Kenya has the lowest taxes in the area on a variety of items.

“We are moving to the next stage of public participation where the proposals if passed, will become law. What we are saying is that the proposals on taxes are the way to go, but they are not cast in stone because they give direction on our future direction,” Prof Ndung’u said.

Davis Chirchir, CS Energy and Petroleum, stated that the government was close to completing a project to increase the storage capacity of petroleum products in Mombasa and other locations in order to maintain a steady supply of such goods and thus regulate prices. KPRL has 45 tanks with a total storage capacity of 484 million litres, of which 254 million litres are reserved for refined goods and the remaining 233 million litres are reserved for crude oil. Mr. Chirchir also stated that the government was almost finished with a 30,000-tonne Liquefied Petroleum Gas (LPG) handling and storage facility.

Davis Chirchir, CS Energy and Petroleum, said the government was nearing completion of a project to increase the storage capacity of petroleum products in Mombasa and other locations to maintain a steady supply of such goods and hence regulate prices.

KPRL has 45 tanks with a total storage capacity of 484 million litres, 254 million litres of which are earmarked for refined goods and the remaining 233 million litres for crude oil.

Mr. Chirchir also stated that the government was nearing completion of a 30,000-tonne Liquefied Petroleum Gas (LPG) handling and storage facility