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Gulf oil giants cut prices by up to 14pc in extended Kenya import deal
Kenya has agreed to extend the deal with the three Gulf firms until December 2027 for diesel, while the jet fuel and petrol deals will lapse in February and March the following year respectively.
Three State-owned Gulf firms have agreed to lower petroleum prices by up to 14 percent per tonne in an extended fuel supply deal with Kenya, signalling a relief for consumers at the pump.
In the new government-to-government (G-to-G) deal, Kenya will now buy a tonne of diesel from Saudi Aramco, Abu Dhabi National Oil Company and Emirates National Oil Company at $78 (Sh10,080.72), a drop of 11.3 percent from the current $88 (Sh11,373), while that of petrol will go for $84 (Sh10,856) from $90 (Sh11,631). A tonne of jet fuel will cost $75 (Sh9,693) from $111.75 (Sh14,442).
