The Consumer Federation of Kenya has attributed the 10 percent drop in fuel prices announced by the ERC on Wednesday to pressure from Kenyans in the wake of dropping global prices for crude oil. Cofek however said that the prices of fuel which will be at their lowest since 2010 when the energy regulator stated moderating the pump prices should still come down further to reflect the global decline. Cofek dismissed the weakening shilling against the dollar, and fixed taxes along with lag between purchase and actual landing as valid reasons for the pricing of fuel in the country. "We do not...
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