Northern Corridor truckers warn of fee increase on VAT doubling
High road tolls, border charges and bad road conditions have been identified as factors causing cost escalations for Northern Corridor truckers.
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High road tolls, border charges and bad road conditions have been identified as factors causing cost escalations for Northern Corridor truckers.
Thursday, June 22, 2023 – The effects of increasing VAT on petroleum products from 8% to 16% have begun emerging hours after President William Ruto’s MPs voted to double VAT on fuel. Shortly after the approval of the fuel VAT increase by Ruto’s allied MPs, popular politician-businessman Buzeki Bundotich, the chairman of Buzeki Group of Companies,…
The tycoon further announced that some of his old trucks will be sent to scrap yard.
Says old trucks will be sent to scrap yard in anticipation of high fuel prices.
Three candidates to face off for governor seat in August elections. Political stakes are high in the cosmopolitan county that is the home ground of DP William Ruto.