The duo had been summoned by the Senate Energy Committee to discuss measures to mitigate against the high prices.
In 2016, Treasury waivered the 16% VAT on Liquefied Petroleum Gas (LPG) which made the cost of Gases drop. Yesterday, Your Favourite Tax-us Ranger, CS Ukur Yatani slapped LPG with a 14% VAT which means you are going to pay like Ksh. 300 more for a 13Kg Gas.
Pain in the cost of loans, food, drought, telephone And internet services, cooking gas, fuel with a resultant effect in the cost of electricity and cost of production in manufacturing and agriculture sectors etc - God is our only hope.
The crackdown on unregulated LPG cylinders comes when citizens, industry players and lobby groups decry the newly introduced taxes on LPG products.
The rally in European natural gas prices continues another day, reaching extraordinary levels for non-winter season. Dutch TTF surging above €40 per MWh, while British NBP is now trading above 102 pence per therm. These are the highest European gas prices in 16 years.
Stateswith the lowest average price for the refilling of a 12.5kg cylinder forLiquefied Petroleum Gas (Cooking Gas) were Zamfara(N3,736.73), Kaduna (N3,841.43) and Imo (N3,911.85).
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