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Earlier, the National Treasury, through the Finance Act, of 2023, removed the 16 per cent Value Added Tax (VAT) on LPG in a bid to lower prices. But that slash has been squared off with the present hike
The price of cooking gas in Kenya increased by 1.7 percent over last year amid a rally in global prices and a weak shilling. This has negated the tax cut on the product. According to sources, a 13-kilogram filled cylinder of liquefied petroleum gas (LPG) was refilled at an average of Sh3,032 in December last year.
It is a marginal increase from an average refilling price of Sh2,980 in December 2022. This means that cooking gas prices have returned to the level before the government removed taxes on the product.
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Earlier, the National Treasury, through the Finance Act, of 2023, removed the 16 per cent Value Added Tax (VAT) on LPG in a bid to lower prices. But that slash has been squared off with the present hike. Presently there is a price spiral in Kenya mainly due to the phasing out of subsidies, which is a pre-condition stipulated by multilateral agencies for lending loans to Kenya, which has suffered severely due to the twin impact of the COVID-19 pandemic and the Russian-Ukraine war.
