Ruto Signs Law Reducing Fuel VAT From 16% to 8%

President William Ruto has signed a new law that reduces the Value Added Tax (VAT) on fuel from 16% to 8%, aiming to lower the cost of fuel for Kenyans. The Kenyan government is also seeking urgent financial assistance from the World Bank to cushion the economy against the rising cost of fuel. Deputy President Kithure Kindiki has accused the opposition of inciting Kenyans over the current fuel crisis and assured that the government is implementing measures to reduce prices. Meanwhile, former Chief Justice David Maraga has criticized corruption in fuel procurement deals between Kenya and Arab nations.