LPG prices hit eight-year high with Sh1,000 surge

A cooking gas outlet. FILE PHOTO | NMG

The price of cooking gas has hit an eight-year high of Sh2,978 for the 13-kg cylinder as the exclusive club of suppliers that have a tight grip on the market takes advantage of new taxes to push up costs.

Prices have jumped 48 percent over the last year or almost Sh1,000 since January last year -- more than triple the 16 percent value-added tax (VAT) introduced by the government on liquefied petroleum gas (LPG).

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