Sharp Daily
No Result
View All Result
Monday, June 2, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Cooking gas prices increase despite tax relief efforts

Brenda Murungi by Brenda Murungi
February 13, 2024
in News
Reading Time: 2 mins read

Cooking gas prices have surged to over KES 3,000 for a 13-kilogram cylinder prior to tax cuts due to the weakening of the Kenyan shilling against the United States dollar.

To alleviate the financial strain on consumers, the National Treasury eliminated the 16% Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) through the Finance Act of 2023. Consequently, the average cost decreased from KES 3,069 in June to KES 2,787 in July. Despite these tax relief efforts, the depreciation of the Kenyan shilling over the past year led to an increase in prices for cooking gas and fuel.

As a result, the benefits of tax cuts were mitigated, and prices began to rise again. According to data from the Kenya National Bureau of Statistics (KNBS), in December 2023, the average price for refilling a 13-kilogram cylinder of LPG reached KES 3,032, marking a significant 1.7% increase compared to the previous year.

This rise occurs as the government focuses on enhancing per capita LPG consumption to encourage the adoption of renewable energies. It has introduced the LPG Growth Policy to gradually transition the 70% of Kenyan households currently dependent on biomass, kerosene, and other non-renewable fuels for cooking towards cleaner alternatives.

RELATEDPOSTS

Government revives LPG distribution plan to promote clean energy adoption

April 3, 2025

Optimism surrounds the shilling as the government adopts mitigating measure

April 12, 2024

Proposed interventions include establishing common-user LPG import terminals, distributing subsidized LPG cylinders to low-income households, promoting LPG use in institutions, and fostering partnerships with finance institutions, LPG players, and the ministries of Education and Health.

The Cabinet has emphasized that these measures aim to reduce consumer prices, enhance public safety, and contribute to both public health and environmental sustainability.

Previous Post

Estates in Nairobi to go without water this week

Next Post

Certificate, diploma courses in universities to be scrapped if Mejjadonk’s bill is passed

Brenda Murungi

Brenda Murungi

Related Posts

News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025

LATEST STORIES

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

Strategies to elevate more women to corporate leadership

May 30, 2025

Tap on Kenya’s 2025 tech revolution

May 30, 2025

How CURBS supports employers and employees

May 30, 2025

NSE deserves more attention from young investors

May 29, 2025

The silent strain of remote work on Kenya’s urban workforce

May 29, 2025

How Kenya’s crypto bill could reshape the digital economy

May 29, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024