Cooking gas, solar product prices to rise on felled Finance Act 2023

Cooking gas

Should the Finance Act, 2023 be abandoned, an 8 percent VAT on cooking gas would be reintroduced in line with the Finance Act, 2022, increasing prices.

Photo credit: File

Households will pay more for cooking gas and solar power products if last week’s verdict by the Court of Appeal to strike out the Finance Act 2023 is upheld by the Supreme Court.

The Finance Act of 2023 had zero-rated Value Added Tax (VAT) on LPG, which helped bring down the cost of the product as the State moved to promote clean cooking.

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Note: The results are not exact but very close to the actual.