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Three State-owned Gulf firms have agreed to lower petroleum prices by up to 14 percent per tonne in an extended fuel supply deal with Kenya, signalling a relief for consumers at the pump.

Kenya has renewed a contract to purchase fuel on credit from three state-owned Gulf firms by 24 months and renegotiated lower margins. Image by MichaelUtech via iStock Kenya has renewed a contract ...

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(Bloomberg) — Kenya has renewed a contract to purchase fuel on credit from three state-owned Gulf firms by 24 months and renegotiated lower margins. Saudi Aramco, Emirates National Oil Co. and Abu ...