Kenyans will continue to suffer more as liquified petroleum gas (LPG) prices are set to increase and will double by June 2022.
It is contributed by increased taxation, cargo and docking costs raising the price of the important product.
The prices are anticipated to go up by at least 15 percent this April, pushing the price of refilling a 6kg cylinder to Ksh1,500 from the current price of Ksh1,400.
The price of refilling a 13kg cylinder will hit an all-time high of Ksh3,300 from the recent price of Ksh3,000.
Freight taxes rose by 20 percent in February, adding to the 16 percent VAT itch that was re-introduced in July 2021.
The nation has been depending on a subsidy programme in reducing the prices of Kerosene, Petrol and diesel.
In February, the cost of a litre of diesel would have recorded an all-time high price of Ksh133.89 per litre in Nairobi as stated by Energy and Petroleum Regulatory Authority (Epra), had it not been for the subsidy.
The subsidy programme also reduces the costs of kerosene and super petrol by Ksh15.88 and Ksh14.53 respectively.
In the global market, on Thursday, Brent futures were down $2.47, or 2.2%, to $110.46 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $2.93, or 2.6%, to $107.67.
Despite the fall, oil prices are still on a record high, heeding Russia’s invasion of Ukraine over territorial confrontations.
Russia exports 4 to 5 million barrels per day, which is more than any other nation other than Saudi Arabia.
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