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New Gas Prices Currently

Retailers are still selling cooking gas at high prices even after the government last week halved taxes on the product.

The Finance Act 2022, which took effect on Friday last week, cut valued added tax (VAT) on liquefied petroleum gas (LPG) from 16 per cent to eight per cent to cushion households against high commodity prices.The new law was signed by President Kenyatta last month.

The duty lessen comes a yr after Parliament restored sixteen in sync with penny VAT on cooking fueloline, which, by and large with the convention in unrefined costs, has noticeable the cost of the 13kg chamber up push through Sh900 in light of the fact that June extreme yr.

He ascribed the defer to one of a kind stock estimated beneathneath the first tax collection system, including that venders will be attempting to fix new costs while they make in new stock.

Epra truly does now never again change cooking fueloline costs. This strategy its valuing is concluded through the commercial center powers of call for and supply, a reality that offers dealers breathing space to charge their product with regards to commercial center elements.

The benefits from the reduction tax collection will be exhausted need to the overall costs of rough continue developing withinside the next few weeks. Brent rough costs plunged to $108 in sync with barrel on Friday extreme week, down from $114 the day preceding today over downturn fears.

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Epra Finance Act

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