Crude oil prices have fallen sharply in the past two weeks on concerns over possible decline in global demand due to the Omicron variant of Covid-19, but Kenyan motorists risk missing out on the benefits should the government opt not to apply the price subsidy in the January 2022 review.
International oil market data shows that the prices for the UAE’s Murban oil — Kenya’s main petrol source market — has dropped from a high of $83.60 a barrel on November 24 to $74 on Tuesday, having gone as low as $69 at the beginning of the month.
