The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
When Oil tanker Mt Frixos discharged crude oil at Kipevu terminal at the port of Mombasa in 2006. [File, Standard]
The amount of money that Kenya spent in importing petroleum products nearly doubled last year owing to high price of oil in the international markets as well as the weakening of the shilling.
The sector was also characterised by weak demand for fuel, with the high prices at the pump resulting in many Kenyans cutting back on consumption of different petroleum products including cooking gas.
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