Gov’t levies new tax on cooking oil, price set to increase

Ugandans may have to dig deeper into their pockets in the next financial year, if government implements the new proposed excise duty on each litre of cooking oil.

fresh olive oil in a spoon against vegetables

Under the new tax proposals, government plans to charge Shs200 on each litre of cooking oil regardless of whether it’s manufactured in Uganda or imported.

According to Nelly Businge the Advocacy Officer for SEATINI Uganda, this move should only affect imported cooking oil with the aim of promoting local industries.

She explained that if not reversed, the price of cooking oil will go higher affecting also other locally made products since it’s a key ingredient.

 

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