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Lubricant makers want raw material taxes removed

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Business Daily

Lubricant makers have asked the government to remove import duty on raw materials used to manufacture the product to allow them compete with importers. Petroleum Institute of East Africa (PIEA) is seeking the National Treasury to zero rate base oils and additives used as raw materials for manufacture of lubricants, which are currently charged 10 percent import duty. PIEA argued that other petroleum products such as diesel, premium motor spirits (PMS) and jet fuel are zero-rated, given their status as raw materials, while the base oils of lubricants are classified as intermediate goods hence th…

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