International oil prices fell below $90 a barrel for the first time in over seven months on Wednesday, a fall attributed to the tumult in the Eurozone, excess supply and positive news from Iran.

The price of Murban crude oil appears to have stabilized at $84.80, a significant reduction from $121.20 in April. The last time crude oil prices were this low was in November 2010.

This could result in low pump prices, which have been on the rise for the past two months.

It is though important to note that the shilling has been weakening against the dollar, standing at KES 85.26 to the dollar.

Below is the trend in Murban oil prices, forex and pump prices for the past 12 months.