While oil producing countries like Venezuela, Kuwait and Nigeria are feeling the heat of the global oil crisis, driven by plummeting product prices, citizens of East African economic giant, Kenya, are enjoying a contrasting bit of fortune.

For the first time in over two years, locals will now buy diesel for less than Sh100 per litre($1.1) after its Energy Regulatory Commission (ERC) reduced price of petroleum late this week. This positive price drop has been attributed to the crashing oil prices globally, making imports cheaper for the government, and subsequently for Kenyan consumers.

The cost of importing Diesel, Petrol and Kerosene fell by 11.3, 6.43 and 5.82 percent respectively last month.

The decline in global crude oil price is due to over supply as big oil spenders like the US turn focus to harness local shale oil potentials. This trend has driven down demand and has resulted in a rapid fall of global prices.

According to the review by the commission, a litre of Petrol will be sold at an average of Sh 106.80 per litre ($1.19). This is 11.66 percent lower than previous prices. Kerosene will now sell for Sh76.31 per litre ($0.85), a decrease of 5.65 percent.

The country currently imports around 32 million Barrel a year, accounting for 20 percent of its import.