Kenya’s energy regulator is managing consumer expectations after a review of fuel costs as a result of the renewed deal with State-owned Gulf companies, noting that the cost reduction was purely driven by market forces.
The Energy and Petroleum Regulatory Authority (Epra) says global crude oil prices keep fluctuating and this will impact the newly negotiated price reduction of up to 14 percent on petroleum products imported from the three firms — Saudi Aramco, Abu Dhabi National Oil Company (Adnoc) and Emirates National Oil Company (Enoc).
