Kenyans have been battling the adverse effects of the deadly coronavirus which has seen the country fall deep into the jaws of hard economic time. The country is currently going through a hard time in repaying the huge debt while sustaining itself from the hard times brought about by the deadly virus.
There is however some good news to Kenyans concerning their late rise in the cost of living. According to the People Daily, the High Court have suspended temporary the decision by Githii Mburu the commissioner-general of the Kenya Revenue Authority who wanted to adjust excise duty rates for petroleum products which would see an instant rise in products of petroleum in the country. This adjustment was supposed to take effect on first October.
In regards to annual average inflation, the cost of petroleum products would rise by a whopping 4.97 per cent if the bill had been successfully passed on. This is a huge relief to Kenyans who had expected to start spending more on petroleum products come first October.
Content created and supplied by: Onion (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More