Kenyan households can now breathe a sigh of relief as prices of cooking gas drop by over Sh100.
A spot-check showed that a six-kilogram cylinder price of Rubis Energy Kenya’s K-Gas has dropped from Sh1,350 in August 2022 to Sh1,200 currently.
Gas prices have been on an upward trajectory since 2020, on increased demand as well as disruptions in the global supply chain caused by the ongoing Russia-Ukraine war.
Consequently, the removal of liquefied petroleum gas (LPG) products from the list of zero-rated products under the Finance Act 2020 also resulted in an increase in LPG prices.
In Kenya, the LPG market is controlled by big brands such as Rubis Energy (K-Gas), Shell, and Africa Gas and Oil’s (AGOL’s) Proto gas.
To shield consumers from high prices, the National Assembly slashed by a half VAT on cooking gas from 16 to 8 per cent starting 1 July 2022. However, this had little impact, as prices remained unchanged in subsequent months.
Read also; Price of LPG Cooking Gas to Drop as MPs Endorse Proposal to Slash VAT.
