Relief as cooking gas prices drop on tax reductions
2 min read
Cooking gas prices drop as the government scraps three taxes as proposed in the Finance Act 2023
Cooking gas prices drop as the government scraps three taxes as proposed in the Finance Act 2023.
After the State removed three taxes on LPG, which is also a subject of a legal dispute, cooking gas prices have fallen below Sh3,000 for the 13-kg cylinder for the first time since July.
The Finance Act, exempted cooking gas from the 8.0 percent Value Added Tax (VAT), the 3.5 percent Import Declaration Fees, and the 2.0 percent Railway Development Levy.
The taxes are against last month’s court order that suspended the Finance Act, of 2023.
“The cost of refiling gas cylinders has gone down mainly due to the removal of taxes,” said Energy Petroleum Regulatory Authority director-general Daniel Kiptoo.
Under the new price changes, Rubis Energy — the retailers of Shell branded products — are selling their K-Gas 13-kilogram gas at Sh2,490 while the six-kilogram commodity is retailing at Sh1,060.
Rubis was selling the 13kg- LPG and the six-kilogram commodity at sh2,800 and Sh1,260 respectively.
A 13-kilogram cylinder from Shell/Vivo’s Afrigas is retailing at Sh2,780 while refiling the 6-kilogram cylinder now costs Sh1,190.
Uhuru attends Azimio interdenominational prayer service
Uhuru’s longtime security aide joins Ruto
Kenya tops the list of fraud countries
Manufactures slap a 9 percent price increase on goods over additional taxes
The oil marketer was selling the 13-kilogram and 6-kilogram of the commodity at Sh3,300 and Sh1,350 before the taxes were scrapped.
TotalEnergies is refiling the 13-kilogram and 6-kilogram cylinders at Sh2,900 and Sh1,280 respectively.
It was retailing the 13-kilogram and 6-kilogramme of the commodity at Sh3,300 and Sh1,540 before the tax exemption.
This is in line with Ruto’s ambitious plan to remove taxes on cooking gas tax-free in a bid to make it more affordable especially amongst low-income homes as part of transitioning to clean cooking by 2030.
Also read,
Azimio forced to change the venue for interdenominational prayers over police threats
IMF to have a say on CBK decisions in containing runaway inflation
Banks raise interest rates on loans to more than 20 percent
National Cybercrimes Committee announces massive attacks on government’s critical services
Follow us
