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Kenya Halves Petrol Prices by 2.3% Starting Feb 15

Bloomberg Markets •
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Kenya's Energy and Petroleum Regulatory Authority (EPRA) cut super petrol prices by 2.3% starting February 15, reducing the cost to 178.26 shillings per liter in Nairobi from 182.50 shillings. This move, announced via X, follows global oil price fluctuations that have pressured regional fuel markets. The 4-shilling 24-cent decrease directly lowers consumer fuel costs but may pressure government revenue streams reliant on fuel taxes.

Industry analysts note this adjustment could ease transportation expenses for businesses but may face pushback from oil marketers facing narrower margins. The EPRA's decision reflects a balancing act between public affordability and market stability in East Africa's largest economy.