President William Ruto has announced a bold plan to cut the cost of cooking gas by more than half by June this year.
In contrast to the present average price of KES 1,200, the President has promised that a six-kg gas cylinder will cost between KES 300 and KES 500.
“From June 2023, a 6 kg cylinder of cooking gas will cost KES 500 or KES 300,” Ruto said as the crowd cheered.
He spoke on Thursday at the Kenyatta International Convention Center during the introduction of the Women Enterprise Fund and the Hustler Fund’s second offering (KICC).
Ruto promised to take action against gas cartels that have been exploiting Kenyans by charging exorbitant rates.
“We want to begin to register every person who is filling gas, you must be licensed by the government of Kenya,” he added.
He promised the populace that he would address the problem by boosting supply and market competition.
The freshly constructed Taifa Gas LPG terminal in Mombasa was recently opened by the President in order to realize his vision.
Up to 200,000 metric tonnes of liquefied petroleum gas (LPG) are anticipated to be handled annually by the terminal, which was inaugurated last month. Ruto thinks the terminal will strengthen the nation’s energy industry and open up possibilities for regional trade and investment.
In order to lower prices for Kenyans, the President stated his faith that the Taifa Gas LPG terminal would increase supply and competition in the cooking gas market.
He continued by saying that his government is dedicated to making Kenya a regional center for trade and energy.
