How Kenya can counter global oil price volatility

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Crude Oil Tanker 'Nan Lin Wan' discharges petroleum products at the KOT 2 in Mombasa on May 11, 2023. PHOTO | WACHIRA MWANGI | NMG

Kenya is grappling with substantial exposure to oil price volatility in what has seen its efforts to deal with price fluctuations challenging and expensive.

Conventional methods, such as stabilisation funds, have revealed notable areas for improvement to ensure efficiency.

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Note: The results are not exact but very close to the actual.