kyt wrote:VituVingiSana wrote:Impunity wrote:The pump price is not coming down yet the Kenol-KRA tussle was resolved last week!
Plus the crude has been retailing at USD 77 in the past week!
Who will save us, when a gallon of gas is going at 10 Kenyan-cents in Venezuela...
1) How can you compare Kenya to Venezuela?
2)
You are lying. "...a gallon of gas is going at 10 Kenyan-cents in Venezuela..."
the cost of a gallon of gas in venezuela is 6 cents USD, that is 6x80/100=4.8
4.8 shillings. i see the lie now!!

Grin... just saying... Only 48x what @impunity said!
On a serious note... Venezuela subsidizes fuel coz it is a net exporter of oil... Not sustainable... Of course, if Venezuela would sell the refined product to Kenya at 5/- per gallon... I would run swim there with my mkebe!
http://en.wikipedia.org/...prices_around_the_world
Lakini, the Venezuelans even restrict their neighbours (e.g. a Ugandan coming to Kenya) to fill up in Venezuela...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett