International oil prices fall before EPRA fuel price review

Global oil prices have dropped ahead of the regulator's scheduled pricing cycle review, according to Tuko.

Shell fuel price sign beside a roadside station with trees and a worker
Illustrative image, not from this event. flightlog / Wikimedia Commons (CC BY 2.0) · Source

International oil prices have declined ahead of the Energy and Petroleum Regulatory Authority's review of fuel prices for the November to December pricing cycle, according to Tuko.

The regulatory authority is set to conduct its regular review that will determine fuel prices for the upcoming two-month period.

The drop in global oil prices comes at a time when the regulator is preparing to announce new fuel pricing for Kenyan consumers.

Source: Tuko