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CBK explains trends in global oil prices ahead of EPRA fuel review

Global oil prices declined sharply during the week ending August 6, 2026, offering a possible reprieve for Kenyan motorists ahead of the Energy and Petroleum Regulatory Authority’s (EPRA) monthly fuel price review expected on August 14, 2026. According to the Central Bank of Kenya (CBK) Weekly Bulletin released on August 7, 2026, Murban crude oil […]

peopledaily.digital ·

Global oil prices saw a significant decline during the week ending August 6, 2026, with Murban crude oil prices dropping to USD 72.54 (Ksh 9,394) per barrel from USD 78.24 (Ksh 10,132) per barrel over the previous week. Despite heightened geopolitical tensions in the Middle East, the Central Bank of Kenya (CBK) noted that these lower prices could provide relief for Kenyan motorists ahead of the Energy and Petroleum Regulatory Authority (EPRA) monthly fuel price review scheduled for August 14, 2026.

The drop in international oil prices comes at a critical time as EPRA prepares to announce new pump prices, which will influence local fuel costs for Kenya, a country that heavily imports refined petroleum products. The stable Kenyan shilling exchange rate further supports this potential relief, as it remained largely unchanged during the review period, at Ksh129.41 per US dollar.

With foreign exchange reserves standing at USD 15.25 billion (Ksh 1.97T), Kenya's economy appears well-positioned to benefit from the lower crude oil prices. Economists anticipate that the combination of a stronger external reserves position and reduced crude prices may help ease pressure on fuel inflation if sustained.

Brief written by urgent.news from People Daily Kenya's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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The Prime Minister's office criticized the move by the London local council to ban 'standing and drinking' A move by a London local council to ban 'standing and drinking' in the city's public places has drawn criticism from the Prime Minister's office. The Prime Minister's office said on the 2nd that it is "understanding" that the London Borough of Hackney's move to ban 'standing and drinking' in some public places from the 1st was "not suitable". Hackney Council announced on the 30th of last month that it would prohibit 'standing and drinking' in some public places, such as outside bars and cafes in the borough, from the 1st of this month. The council explained that it would allow people to drink only when sitting on chairs or benches set up in designated areas. The Prime Minister's office responded that it would "monitor the situation" while expressing its position that it is "understanding" that the measure is "not suitable". Regarding the council's move, a spokesperson for the Prime Minister's office said, "We understand that there are problems with drinking in public, but we also know that there are many people who drink in a civilized manner." The spokesperson added, "We think that the measures taken by Hackney Council are not suitable, and we will monitor the situation." On the other hand, Hackney Council said that it had introduced the measure to reduce "excessive drinking" and improve "quality of life" for local residents. The council also said that it would take a "balanced approach" to enforce the measure while also providing support for local businesses. Hackney Council's move has sparked controversy, with some residents expressing their opposition to the ban on social media. However, the council said that it would continue to work with local residents and businesses to find a solution that works for everyone.

·hani.co.kr

The National Police Agency has been criticized for its handling of cases involving police officers' families. As of June 14th, this year, there have been 117 cases of police officers' families being involved in crimes or being victims of crime that have been reported to the police. In one case, a police officer's family member was involved in a fraud case, while in another, a police officer's spouse was a victim of a violent crime. The National Police Agency has been accused of turning a blind eye to these cases. In response to criticism, the National Police Agency stated that it is difficult to intervene in cases where police officers' families are involved, as it could be seen as preferential treatment. The agency has also stated that it will work to prevent similar cases from happening in the future. However, some have criticized the agency for not doing enough to address the issue. The police officers' union has stated that the agency's response is insufficient and that more needs to be done to support police officers' families. The issue has sparked a debate about police accountability and the need for greater transparency within the police force. The National Police Agency has promised to review its policies and procedures to ensure that it is handling cases involving police officers' families in a fair and transparent manner. The agency has also stated that it will work to improve communication with the public and to increase trust in the police force. The issue has highlighted the challenges faced by police officers and their families, and the need for greater support and resources to help them deal with the unique challenges of being a police officer's family. The National Police Agency has stated that it will do its best to support police officers' families and to prevent similar cases from happening in the future.

·hani.co.kr

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