State to effect new G-2-G rates next week after re-negotiations

MOTORISTS and industries in the country are set to benefit from lower fuel pump prices after the government successfully re-negotiated the refined petroleum products import deal with the Gulf.

This is on the back of a much stable shilling which has rallied to a six-month high against the US dollar to stabilise at an average Sh129 in the past three months, making imports cheaper compatred to same period last year.