Coronavirus sets Kenya for cheaper fuel, power

Crude oil prices Monday plunged by more than a quarter after a fallout between Saudi Arabia and Russia to cut production in the wake of coronavirus, promising Kenyans cheaper petrol and electricity.

The indicative Brent crude price plummeted 25 percent to an average of at $33.90 a barrel, the steepest one-day decline since the 1991 Gulf War that has set up oil-importing economies such as Kenya for good times ahead.