Defying gravity: Why Kenyans would not get fuel at Sh50 even if oil dips to $0 a barrel

The Energy Regulatory Commission has revealed that more than half the amount Kenyans pay for fuel goes to at least seven Government taxes and levies. This means that even if the oil prices drop in the international market, Kenyans would still pay at least Sh50 for it.

Crude oil prices have hit 12-year lows, and motorists have expected these benefits to trickle down. It is now below $30 and comes after nearly five years of stability. Since August 2013, prices have dropped about 72 per cent.