President William Ruto has announced that G-G oil deal with Saudi Arabia has been extended as their contract was almost elapsing.

President William Ruto has announced that G-G oil deal with Saudi Arabia has been extended as their contract was almost elapsing.

This came after he held a Cabinet meeting with CSs at State House.

The decision to extend the deal means that Saudi Aramco, Abu Dhabi National Oil Corporation (ADNOC), and Emirates National Oil Company (ENOC) will continue importing petroleum products into the country on behalf of the government.

According to the Cabinet, it was necessary to extend the deal because it has helped ease the pressure on the Kenyan Shilling.

Additionally, the Cabinet revealed that the government-to-government deal has helped stabilize fuel prices in Kenya