Most of the folks in our office ride into work in the morning but every once in a while we conform to the Nairobi norm and drive into work, alone in our five seater cars stuck in endless traffic and all heading in the same direction from the same direction. Like we said, it's the Nairobi norm.
When petrol prices dropped we also joined in the jubilation. Our delight led us to think why hadn’t this happened sooner? Global crude oil prices had dropped 40% in the last 6 months and this surely should have been reflected in the local fuel pump prices.
We decided to find out exactly how much of a drop Kenya had experienced in local petrol pump prices vs global Brent Crude prices / barrel, using a KES/USD baseline. The result is in the below plotted graph.
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