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Kenya strikes cheaper oil deal with Gulf firms
Cabinet Secretary for Energy and Petroleum Davis Chirchir before the National Assembly Departmental Committee on Energy at County Hall Nairobi on July 11, 2023. PHOTO | DENNIS ONSONGO | NMG
Kenya has struck a deal with the three Gulf oil majors to lower the cost of the fuel supplied on credit to shield consumers from missing out on the global drop in fuel prices.
Energy and Petroleum Cabinet Secretary Davis Chirchir on Tuesday told lawmakers the deal was struck last week, but did not reveal the new premiums that will be charged for the remainder of the contract.
