From CNBC Africa
Kenya’s Energy Regulatory Commission cut the maximum retail prices of petroleum products on Sunday.
This was because the cost of importing refined products had fallen.
Since 2010, every month the east African nation has set a cap on prices of petrol, diesel and kerosene, to protect consumers from unfairly high prices.
But the system has angered consumers in recent months as local prices have failed to reflect the slump in the price of crude oil in global markets.
Read more at CNBC Africa
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