Kenyans will continue to brace for the rising cost of living in the country as Consumers of Liquified Petroleum Products (LPG) are hit by an increase of over 500 shillings in refill prices.
Most Kenyans have now turned to using charcoal, kerosene, and other alternative energy sources for cooking and other domestic uses due to the over 30 percent increase in cooking gas prices.
According to reports, a 6 kg cylinder that was previously sold for 1,800 shillings rise to 2,600 shillings while a 13kg rose from 2,600 shillings to 3,100 shillings.
Key industry players have attributed the increase in gas prices to the weakening of the Kenyan shilling against the US dollar that hit a historic low of 125 shillings units per dollar in February 2023.
According to the Central Bank of Kenya (CBK), the depreciation of the Kenyan currency implies a higher cost in shillings to finance imports.
A weak shilling also means the country will incur more in serving foreign debt, which is repaid in dollars and other foreign denominations.
