VAT On Fuel To Increase Pump Prices, Affect Transportation & Manufacturing

Vat-on-fuel-to-increase-pump-prices,-affect-transportation-&-manufacturing

The Energy and Petroleum Regulatory Authority (EPRA) has announced that it will increase fuel prices on June 30, 2023, following the implementation of a 16% VAT on petroleum products. The new VAT rate will inevitably lead to an increase in pump prices, which will have a ripple effect on transportation costs, affecting commuters, businesses, and […]

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