Benn5 retweetledi
September 2018, parliament and Uhuru reduced it to 8%.
July 2023, your boss increased it to 16% again.
That I agree is extremely painful.
-Dennis Itumbi, CBS@OleItumbi
16% VAT on fuel. That I agree is painful.
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Benn5
9.4K posts
Benn5 retweetledi
Benn5 retweetledi
"We got into the G2G to protect against fluctuations in fuel prices" and other long stories. This kleptocratic government lies through the teeth usiku na mchana. Just so you know, fuel prices are never coming below 200 again unless it's towards the 2027 election.
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Benn5 retweetledi
We were told the G-to-G fuel scheme existed to protect the public from price shocks and stabilize supply. If it was instead manipulated to manufacture shortages, justify emergency imports, and load consumers with inflated premiums, then was a racket.
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Benn5 retweetledi
From my dm, "help ask Ndindi Nyoro why he has developed this tendency of seeking popularity using EPRA and Fuel prices while he supported removal of Fuel Subsidies, addition of VAT on petroleum products and introduction of Fuel levy. Why is he clever now?"
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Benn5 retweetledi
That’s not a soul tie, you just have low self esteem.
OSIRIS ASSAD@Osirisassad
Soul ties suck, why do I still miss you after you showed me I mean nothing to you
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Benn5 retweetledi
Ukianza kuona tweets za jacob juma tl jua kuna maandamano inakaribia.
Filipino
@BravinYuri But there should be a ceiling to greed hii nayo hapana it's too much
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Everything else is about to go up.
The ripple effect of the Iran-Israel/US war just arrived.
THEE ALFA HOUSE@thee_alfa_house
JUST IN: EPRA has announced a sharp increase in fuel prices effective April 15. Super petrol rises by KSh 28.69 per litre, diesel by KSh 40.30, while kerosene remains unchanged. The government is using KSh 6.2 billion from the Petroleum Development Levy to cushion consumers from high international costs.
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Benn5 retweetledi
My classmates left in the middle of school trip to fly from Shanghai to Budapest just to vote.
That’s how locked-in they were.
Jola@Jollz
Voter turnout in Hungary was over 80%. Let he or she who has ears, hear.
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Benn5 retweetledi
Benn5 retweetledi
🇵🇱🇮🇱Polish MP Konrad Berkowicz displayed an Israeli flag where the Star of David was replaced with a swastika and said:
“Israel is the new Third Reich and that's exactly how its flag should look”
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Benn5 retweetledi
Benn5 retweetledi
Gaddafi agreed to this and was sodomized to death and now you can buy slaves in Tripoli
Clash Report@clashreport
JD Vance: Trump says to Iran: “If you commit to not having a nuclear weapon, we are going to make Iran economically thrive.”
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Benn5 retweetledi
the cleanest tell that you're Projecting is how certain you are about someone else's interior
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Benn5 retweetledi
Musings on Kenya's changes in pump prices & the VAT adjustment:
This is a drastic u-turn by the National Treasury on how to cushion from a VAT perspective.
· Just a fortnight ago, the idea was to switch VAT from being ad valorem to specific. The idea was that VAT on petroleum products will then switch from being pegged on the value of the product & be imposed based on the quantity of product. The idea here was to decouple tax from the rising cost/value (see clip from CS MBadi before the National Assembly).
· Today, in a drastic U-turn the government has decided to adjust the rate from 16.0% to 13.0%. So we keep the rate as ad valorem, & offer a marginal decline on the standard rate
What triggered this U-turn?
· I suspect Supplementary Appropriations I 2025/26 & the Kes 1.3 trillion deficit (6.8% of GDP). The whole of the National Treasury's senior leadership is in Washington DC for talks with the IMF
The rate
· Sec6(1) of the VAT Act empowers the CS to reduce by up to 25.0%. So the CS had a window to reduce up to 12.0% (similar to COVID19 relief measures). Why 13.0%? Why deny the consumer that 100.0 bps?
Operational Realities
· Since the VAT rate for petroleum products is changing mid-month, the April 2026 VAT return will be chaotic for OMCs.
· OMCs have to now effect changes to their ERPs effective midnight tonight to be sure that they align with the change in VAT rate for pricing. It will be interesting to watch
· Suppose an OMC deals in both fuel & lubricants, as many do anyway. The lubricants are still at 16.0%, your fuel is on the new rate at 13.0%. That ERP system needs to be adjusted to capture both rates. It will be interesting to watch
Julians Amboko@AmbokoJH
Quite a loaded release on Kenya's April 15th through May 14th pump price cycle: 1. Super Petrol increases by Kes 28.69/litre to Kes 206.97 2. Diesel increases by Kes 40.30/litre to Kes 206.84 3. Price of Kerosene remains unchanged 4. Value Added Tax on Super Petrol, Kerosene & Diesel have been reduced to 13.0% from 16.0% 5. GOK plans to use Kes 6.2 billion worth of Petroleum Development Levy to smoothen out the prices
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Benn5 retweetledi
Benn5 retweetledi
Man has been digging other people's graves without knowing when he's digging his own. Hizo fuel prices zitafanya cost of living to skyrocket. We are two months from the June demonstration and there's no way they'd stabilise cost on goods. Hii mwaka itakuwa ingine mwecheche
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Without the Stabilization Fund support & VAT reduction from 13% to 16%, fuel prices would have been:
— Petrol: 206.97 + 4.68 + 5.62 = KES 217.27 (+21.9% MoM)
— Diesel: 206.84 + 23.92 + 6.13 = KES 236.89 (+42.2% MoM)
— Kerosene: 152.78 + 108.10 + 6.93 = KES 267.81 (+75.3% MoM)
Mwango Capital@MwangoCapital
EPRA has increased fuel prices for the April 15 – May 14 cycle: — Super Petrol: +KES 28.69 (+16.1% MoM) to KES 206.97 — Diesel: +KES 40.30 (+24.2% MoM) to KES 206.84 — Kerosene: unchanged at KES 152.78 Notes: —>The adjustment tracks sharp increases in landed costs, with Petrol +41.53%, Diesel +68.72%, and Kerosene +105.15%, reflecting elevated global oil prices. —>The impact has been partially cushioned by reduced tax rates (VAT on Super Petrol, Diesel, and Kerosene has been reduced from 16% to 13%) and stabilization under the Petroleum Development Levy.
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Benn5 retweetledi
Now this stock will be sold at the new price tomorrow at the pump.
HUGE money is being made this month.
Stations stocked to the brim but didn't sell…
Same station will be selling at midnight at the new price.
Mchezo si mchezo
Ahmad Salim@ahmadsalims
Today, many stations will not sell fuel in the hope that tomorrow’s prices will be hiked. The fuel business is a fishy business.
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