Maize flour price to reduce to ks100
Earlier today, the Ministry of Agriculture Peter Munya announced a decrease in the price of maize flour from Sh230 to Sh100 for a 2Kg packet. 2kg packet of flour will now cost KSh100, 5kg packet 250, 10kg packet KSh490, 1kg packet should not cost more than sh52 while 500g not more than sh30.
This came when the government gave millers a substantial subsidy. “The Ministry of Agriculture shall subsidize maize flour production by millers for a period of four weeks from the date of this contract part of the statement reads”.
In a statement from the Cabinet Secretary of Agriculture, the government will send officials to make sure maize flour is being sold at the recommended prices. The Ministry said,
“It is agreed between the parties that the ministry shall deploy market surveillance teams to ensure that sifted maize flour is sold at the maximum recommended retail price stated,”
Gas price to reduce
Two weeks after the government slashed taxes, the cost of cooking gas decreased, giving families relief from high retail prices in the previous year. For most gas brands, they have reduced the cost of refilling a 13kg cylinder by roughly Sh200 and a 6 (kg) liquefied petroleum gas (LPG) cylinder by about Sh100. The cost of refiling a 6kg gas was sh1400 now retailing at 1300 while, a 13kg cylinder was sh3200 now retailing at sh3000.
The price reductions follow the passing of the Finance Act of 2022, which reduced the value-added tax on LPG from 16 to 8 percent. In a statement last week, Daniel Kiptoo, director-general of the Energy and Petroleum Regulatory Authority, said he expected merchants would gradually reduce prices since the authority does not control the cost of cooking gas, retailers are free to set their pricing.
The private enterprises import cooking gas, giving them the power to determine its price. Nevertheless, a common user facility would allow LPG to be imported through the open tender system in which businesses will compete to import the cheapest Liquefied petroleum gas.
To ease the importation of cooking gas into the nation, the state-owned Kenya Pipeline Company plans to construct an LPG storage facility at the Kenya Petroleum Refineries Ltd (KPRL).
