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A new carbon tax on fuel would further increase the cost of the product, which is already heavily taxed and attracts nine charges and levies.
By Kepha Muiruri
Business Reporter
Nation Media Group
The World Bank is pushing Kenya to introduce a carbon tax on fuel that would offer the Treasury Sh40.5 billion in revenues and raise pump prices.
The multilateral lender reckons that the tax will help plug budget holes while helping cut consumption of fossil fuels to ease climate change.
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