International Oil Prices Drop Ahead of EPRA Fuel Price Review

Kenyans have for the past several months been forced to buy fuel products at higher prices following the geopolitical tensions in the Middle East...

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International oil prices have seen a significant drop, sparking hopes for lower fuel costs for Kenyan motorists in the upcoming Energy and Petroleum Regulatory Authority (EPRA) review.

Murban crude oil prices fell to Ksh9,384.97 (US$72.54) per barrel as of August 6.
The Central Bank of Kenya (CBK) reported these price movements in its latest Weekly Bulletin.
This decline follows EPRA's decision last month to maintain current fuel prices, with government intervention through the Petroleum Development Levy (PDL) Fund and an extended 8 per cent VAT.

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