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MONday, JANUARY 19, 2014 | www.x-news.co.ke

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new directive tenants of incomplete city buildings ordered to move

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loans from safaricom TO buy smart phones

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celebrity chat Scott the violinist speaks about his journey to fame and his loyal companion, the violin.

NEWS

Mwangangi crowned 2014 finest sports personality

Messi nets 30th hat-trick for Barca in Deportivo smasher

When will petrol firms theft stop? C

onsumers and lobby groups are crying foul over the recent drop in fuel prices, which they claim do not reflect current global trends. Last week, the Energy Regulatory Commission (ERC) lowered the cost of super petrol by Sh9.13, diesel by Sh7.50 and Kerosene Sh5.78. The move means the price of petrol retails at Sh92 per litre, while diesel costs Sh83 and Kerosene Sh65

in Nairobi. But the Consumer Federation of Kenya (Cofek), the country’s consumer rights lobby group, says buyers have been conned because global prices have fallen by a significantly higher margin. Since June 2014, the global price of oil has dropped by more than 55 per cent to $47 (Sh4,300) a barrel. This is the lowest price since 2010. Market analysts at research group African Alliance told X News following the drop, “Kenyans are set to feel the biggest

impact yet of the falling global oil prices in a move that could lift economic growth by boosting consumers’ spending power.” “The key factor causing the continuous slide in the price of oil is demand and supply economics. Supply has outstripped demand since the third quarter of 2013,” says Seth Maiah, an analyst for international manufacturing services group, EPM Global. — Continued on Page 2

Police use tear gas against school children

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Rappers’ feud Mwafreeka challenges Ice Prince on originality but he is forced to apologise after the latter’s fans lash out at him

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Guineas race day was lively The jockeys took centre-stage but there was plenty of action on the side-stands

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Blue carpet RunnING FOR dear life: Lang’ata Road Primary School pupils in Nairobi run way from police officers who lobbed teargas at the young souls as a way of stopping a demonstration against the grabbing of the institution’s playgound. Story on Page 2

Hollywood A-listers put their best feet foward at Critics’ Choice movie awards


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