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Gas Price Drop Alert

Kenya: Gas Prices Could Drop as MPs Reject Treasury’s High 16% VAT Tax proposing a Reduction to 8% VAT Tax on Petroleum Products in the country.

Summary

  • Kenyan MPs backed the reduction of the Value Added Tax (VAT) rate imposed on liquefied petroleum gas (LPG) from 16% to 8%.
  • This means the price of cooking gas, which has skyrocketed in recent months, could come down if MPs adopt the proposal.
  • Refilling the 6kg gas cylinder costs KSh 1,560, up from an average of KSh 900 a year ago while a 13kg gas costs over KSh 3,300.
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The National Assembly’s Finance and National Planning Committee, chaired by Homa Bay woman rep Gladys Wanga has backed the reduction of the Value Added Tax (VAT) rate imposed on liquefied petroleum gas (LPG) from 16% to 8%.

Getgas + Kenya
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