President Ruto Cheap Gas Hoax, Cooking Gas Prices, Financial Bill 2023, and Fuel Prices in Kenya

  • Post published:Mar 04, 2024
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The alleged President Ruto cheap gas hoax has sent shockwaves throughout the nation leaving citizens questioning the true intention behind the cooking gas promise. 

Speaking at an interview on Sunday, May 14, the president shed more light as to why Kenyans will have to wait longer for the cheap gas  

President Ruto cheap gas hoax and gas cylinder prices

In March 2023, President Ruto promised to lower cooking gas prices to Ksh 500 0r 300 by the 1st of June.

The president assured Kenyans that the government was keen on eliminating all cartels in the gas industry and by so doing, ease the burden for Kenyans on the escalating gas prices.

To the contrary, Ruto stated that the change will take effect starting July 1, 2023, and that reduction in prices to be between Ksh. 300 and Ksh. 500 will only be for cooking gas cylinders.

The president clarified that the changes will only cater for gas cylinders and Kenyans will have to foot for the gas prices.

“We are only lowering the price of cooking gas to be between Ksh 300 and Ksh 500…before you refill gas.”

President Ruto

The Head of State further added that it will not be possible to lower the gas prices before the approval of the Financial Bill 2023.

“It will be no possible to reduce gas prices by June 1…This must first be approved in the Finance Bill 2023. If we had fixed this in the supplementary budget, then June 1 would not have been the ultimate time”

President Ruto

As a matter of fact, cheap gas is still a long wait for Kenyans.

High fuel prices in Kenya

In a recent move, the government proposed the removal of the 8% value Added Tax on Liquified Petroleum Products (LPG) in Finance Bill 2023.

The president also stressed on proposed measures by the Financial Bill 2023 to finance the Ksh. 3.64 trillion budget, including the increase in VAT on petroleum products to 16%.

He further added that the new tax collected on kerosene will be used to subsidise cooking gas cylinder prices and that the government will fight to remove illegal gas cylinder fillers from the market.

As we have it, kerosene retails at Ksh. 161.13 per litre, diesel at Ksh. 164.8 and super petrol at Ksh. 182.7 per litre.

In the realm of political promises and current tough economic times, people have to remain resolute.   

And so, as the dust settles on President Ruto cheap gas hoax, Kenyans are still calling for swift and astute measures to lower the cost of living.

sir enock

I am a dynamic writer, web designer, computer pro, and career engineer.