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Lower fuel costs trim Kenya’s trade imbalance
By Kepha Muiruri,
1740, January 11, 2021 (EAT)
The country has continued to reap benefits from lower fuel import costs with the current account deficit contracting further to 4.7 per cent in Novemb...
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Big win for BIDCO as court sets aside Ksh1.3b order
By Tony Owori,
827, December 19, 2020 (EAT)
In what is viewed as a big win for the industry, the Tax Appeal Tribunal has set aside an order requiring BIDCO Refinery to pay a revenue amounting to...
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Motorists to pay more as fuel prices go up in latest review
By Kepha Muiruri,
647, December 15, 2020 (EAT)
Motorists will pay more for fuel from midnight on Tuesday as the Energy and Petroleum Regulatory Authority (EPRA) effects higher petroleum costs. T...
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Tullow meets license extension conditions
By Kepha Muiruri,
1459, December 7, 2020 (EAT)
Oil explorer Tullow has affirmed its Kenyan project license extension to December 2021 following its submission and subsequent approval of a 2021 prog...
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Tullow re-engineers Kenyan project to fit low oil prices
By Kepha Muiruri,
1435, November 26, 2020 (EAT)
Oil explorer Tullow Oil says it will deploy the 11 months left on its extended exploration license to optimize the project to fit low oil prices in th...
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Petrol, Diesel, Kerosene prices to rise after tax adjustment
By Kepha Muiruri,
1008, October 3, 2020 (EAT)
Petrol prices are set to rise by Ksh.1.12 per litre effective from Saturday at midnight following the adjustment of the rate of excise duty by the Ken...
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Tullow drops Kenyan CEO in continued operations review
By Kepha Muiruri,
1606, September 17, 2020 (EAT)
Oil explorer Tullow has announced the exit of its Kenyan Chief Executive Officer Martin Mbogo effective December 31. Mbogo’s exit which aligns wi...
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Tullow Oil suspends plans to exit Kenya
By Kepha Muiruri,
1428, September 9, 2020 (EAT)
Anglo-English based oil explorer Tullow Oil has made an about turn on its oil project in Kenya suspending its planned exit through the sale of blocks ...
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Kenya shilling falls to a new record low
By Kepha Muiruri,
1717, August 19, 2020 (EAT)
The Kenya shilling touched a new low in Wednesday’s trading session against the U.S. dollar as the local unit now sees new bouts of volatility. T...
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Petrol, Diesel prices rise further as kerosene spikes by Ksh.18.20
By Kepha Muiruri,
1635, August 14, 2020 (EAT)
Motorists are set for higher costs at the pump as fuel costs for all three petroleum commodities pick-up in the latest maximum-pump price review. P...
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Nigerian official collapses during televised Niger Delta corruption hearing
By Reuters,
1013, July 21, 2020 (EAT)
A Nigerian official collapsed on Monday during a televised parliamentary hearing held as part of an investigation into allegations of mismanagement at...
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How government milked price controls to slap Kenyans with high fuel costs
By Kepha Muiruri,
1719, July 15, 2020 (EAT)
In 2011, the government moved to enforce price controls by effecting maximum pump prices through the then Energy Regulatory Commission (ERC). The e...
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Petrol, diesel prices rise by Ksh 11.38 and Ksh.17.30
By Kepha Muiruri,
932, July 15, 2020 (EAT)
The rise in landed cost of imported fuel has marked the end of relief for motorists as petrol and diesel costs pick up by Ksh.11.38 and Ksh.17.30 resp...
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Oil falls below Ksh.4,583 a barrel on virus fears, still heads for weekly gain
By Reuters,
1721, July 3, 2020 (EAT)
Oil fell below $43 ( Ksh.4,583) a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although c...
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Petrol prices rise by Ksh.5.77 as diesel, kerosene costs fall
By Kepha Muiruri,
1647, June 14, 2020 (EAT)
Motorists have registered a mixed bag of fortunes in the movement of fuel costs as petrol rises by Ksh.5.77 a litre while diesel costs fall by Ksh.3.8...
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OPINION: COVID-19 response is everyone’s business
By Guest Writer,
2008, June 11, 2020 (EAT)
The specter of COVID-19 has developed from a public health emergency to a global economic crisis. In Africa, despite relatively low infection rates...
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Oil marketers in Kenya under fire over hoarding fuel stocks in anticipation of price increase
By Kepha Muiruri,
1444, June 10, 2020 (EAT)
Oil Marketing companies (OMCs) are once again on the spot as they now hold back stocks of fuel in anticipation of a price increase in the next maximum...
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Tullow Oil completes early oil pilot as contract expires
By Kepha Muiruri,
1217, June 2, 2020 (EAT)
British based oil explorer Tullow Oil along with its joint venture partners have announced the completion of the Early Oil Pilot Scheme (EOPS) for Ken...
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DIAZ: A silver lining amidst COVID-19 pandemic
By Guest Writer,
1124, May 30, 2020 (EAT)
The better part of Sunday April 12 saw the majority of social media platforms remain awash with doctored images showing Mt. Kenya as supposedly seen f...
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Super Petrol prices decrease by Ksh.9.54 per litre
By Kepha Muiruri,
1743, May 14, 2020 (EAT)
Super Petrol and Diesel prices have decreased by Ksh.9.54 per litre and Ksh.19.19 per litre respectively. In its monthly review, the Energy and Pet...
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