High taxes on oil, gas dim economic recovery outlook


The public debate on the oil crisis in Kenya might have calmed at least for now, but there are still uncertainties as far as a sufficient supply of oil and gas is concerned. In fact, in some regions, especially western Kenya, the shortage is still imminent.

The past few months have been characterised by a shortage of fuel, high prices of cooking gas and inflated prices of commodities partly due to the effects of the Russian-Ukrainian war and the aftermath of the Covid-19 pandemic, but so much to do with high taxation and levies imposed on various items in the past two budgets.

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Note: The results are not exact but very close to the actual.