Government to Honor High Court’s Order Suspending Finance Act, 2023
Kimani Kuria, chairman of the Finance and Planning Committee of the National Assembly. Emphasized on Friday, June 30, that the government will respect High Court conservatory orders suspending the Finance Act, 2023.
Minutes after Justice Mugure Thande issued the orders, the Molo representative stated on NTV that the government will not review fuel prices in light of the 16% VAT on petroleum products.
“We hold the Judiciary in high regard and expect the court system to take the lead. He stated, “We are prepared for a court battle.”
Kuria, whose committee is tasked with reviewing tax policies, asserted that all legal provisions were taken into account before the introduction of the Finance Bill, 2023.
He was confident that their legal team would overturn the conservatorship orders.
ALSO READ: EPRA Announces July 2023 Fuel Prices Despite Finance Act Suspension
Senator Okiya Omtatah of Busia and his co-petitioners had anticipated favorable court orders, according to the lawmaker.
“As a committee, we reviewed all court decisions, made decisions based on previous clauses, and made sure everything was in order,” he said.
Contrary to Kuria’s assurances, EPRA reevaluated fuel prices and increased the prices of Super Petrol and Diesel by Ksh13.
In the review, EPRA stated that a liter of Super Petrol would cost Ksh195.3, Diesel would cost Ksh179.67, and Kersosene would cost Ksh173.44.
The authority explained that the announcement followed the increase of the Value-Added-Tax (VAT) on fuel products from 8% to 16%.
The Energy and Petroleum Regulatory Authority (EPRA) has recalculated the maximum pump prices between 1 July and 14 July 2023.
President William Ruto has not yet stated on the issue.
Government to Honor High Court’s Order Suspending Finance Act, 2023
HEY READER. PLEASE SUPPORT THIS SITE BY CLICKING ADS. DON’T FORGET TO HIT THE NOTIFICATION BELL FOR MORE UPDATES AROUND THE GLOBE.