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{
    "id": 1254632,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1254632/?format=api",
    "text_counter": 385,
    "type": "speech",
    "speaker_name": "Navakholo, ODM",
    "speaker_title": "Hon. Emmanuel Wangwe",
    "speaker": null,
    "content": " Thank you, Hon. Speaker. I rise to oppose the Finance Bill 2023 on two grounds. The first one is the petroleum issue. I want to be very clear that the petroleum cost has been shifting from 8 per cent to 16 per cent. My concern is that the current Government has in place a Government-to-Government programme of importation of petroleum products. Some Members have said that VAT across East Africa varies from 16 per cent to 18 per cent and 20 per cent. They are proposing 16 per cent but what they are not mentioning is the issue of the premium on petroleum products. As we sit here, premium products on Government-to-Government contract is going for Ksh118 for petrol and Ksh98 for diesel in Kenya. What is happening with our neighbouring countries is that Tanzania is importing at Ksh40 on diesel and Ksh65 on premium petrol. If we get it right in terms of financial discipline, definitely, the prices of fuel will come down rather than raising VAT and the Government will collect enough."
}