Relief as cooking gas prices drop on tax cuts

Epra director general Daniel Kiptoo.  

Photo credit: File photo | Nation Media Group

Cooking gas prices have dropped below the Sh3,000 mark for the 13-kg cylinder for the first time since July after the State scrapped three taxes on the commodity that are now subject to a case in court.

President William Ruto’s administration, through the Finance Act, exempted cooking gas from the 8.0 percent Value Added Tax (VAT), the 3.5 percent Import Declaration Fees and the 2.0 percent Railway Development Levy.

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