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KENOL/KOBIL
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jerry
#1181 Posted : Wednesday, December 08, 2010 7:29:07 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
VituVingiSana wrote:
yaserbigchair wrote:
ERC SHOULD FOLLOW KPLC'S bills STEP BY STEP!
Hating on KPLC will not mean it will drop to 15/-... BTW, please pay your stima bills on time...

@vvs, I agree with u! There is need for transparency in the FUEL COST and FOREX Adjustments calculations. Why have these not been posted on the kplc site since sep '09??? Who tracks the fuel used in power generation. Kiraitu/Mwirichia??? Imagine FCA of 419 cts for every KWH in Nov, a rainy month. What will happen when we've lanina?
The opposite of courage is not cowardice, it's conformity.
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cnn
#1182 Posted : Wednesday, December 08, 2010 10:33:17 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
International crude prices have hit 90 dollars a barrel,will ERC's formula still keep the prices in the 90s?.These idiots should be addressing areas they can do something about; inefficiencies in the system and hefty taxation.
Populist measures will not take them anywhere.
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Bettertry
#1183 Posted : Wednesday, December 08, 2010 10:57:35 AM
Rank: Member

Joined: 9/19/2010
Posts: 237
Location: Republic of Graham & Doddsville
cnn wrote:
These idiots should be addressing areas they can do something about; inefficiencies in the system and hefty taxation.
Populist measures will not take them anywhere.
You damn right, evidently it's a case of avoiding doing what's right in the long-term and choosing to employ quick fix tactics(which past experience has shown us it's a short-term solution to a long-term problem)!!!
We Will Either Find a Way or Create One - HANNIBAL
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VituVingiSana
#1184 Posted : Wednesday, December 08, 2010 1:23:09 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
Forex & fuel pass-throughs are primarily from KenGen & IPPs. KPLC looks the bad guy. All PPAs are available for review at KPLC offices through 21 Dec 2010.

The forex base is at 68/- [whereas it is 80/- now]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#1185 Posted : Thursday, December 09, 2010 12:00:28 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
Engen knows the value of KK [Engen & KK were going to jointly acquire a Zimbabwe business] http://www.businessdaily...22/-/cmaqo5/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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stocksmaster
#1186 Posted : Thursday, December 16, 2010 10:44:33 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
stocksmaster wrote:
@ The Deal:

The Oil marketers will examine the price regulations and do one of two things:
1. Accept them if they have enough loop holes to ensure they are impotent. Kenya as a liberalised economy cannot be seen to be having a 'price control' and hence the more friendlier term 'pricing formula'.The oil marketers seem to have been consulted on this one as they have largely remained quiet. They may have been able to milk some favourable concessions from the GoK in exchange for the 'Pricing formular'.
http://www.businessdaily...0/-/muj1e9/-/index.html

2. Go to court and ensure the guidelines are shelved if they do not favour business. Am sure the well paid lawyers of this oil marketers are up to the task. The pricing formula is a populist move by the Ministry of Energy which is partly responsible for the high fuel prices.

Happy hunting.


Seems option 1 was the applicable one.

The oil marketers were to have a reduction in petrol prices in exchange for a similar increase in diesel and kerosine. With Petrol accounting for only 15% of their products, the reduction would more than be compensated by the rise in Diesel (40%) and Kerosine (8%). http://www.businessdaily.../-/y37ftnz/-/index.html
At the end, the net impact to the oil marketers may actually be a rise in fuel prices/margins for oil marketers!.......Thats why option 2 above was not necessary.

Happy hunting.

x handle: @stocksmaster79
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VituVingiSana
#1187 Posted : Thursday, December 16, 2010 11:24:51 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,380
Location: Nairobi
@stocksmaster - I need to see the source docs about the %s... Somehow 15% of fuel sales being petrol vs 40% for diesel seems erroneous

[I understand that the lorries & generators run on diesel & I might have a 'city' perspective]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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cnn
#1188 Posted : Friday, December 17, 2010 10:13:19 AM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
VituVingiSana wrote:
@stocksmaster - I need to see the source docs about the %s... Somehow 15% of fuel sales being petrol vs 40% for diesel seems erroneous

[I understand that the lorries & generators run on diesel & I might have a 'city' perspective]

I agree 15% for petrol seems to be on the lower side.But the marketers little resistance to the prices as fixed by MoE may be saying much.On KK,they have the wider distribution across the country compared to even Total who have a third of market share.The higher prices up country may do them some good.
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  | | Edit by user: Friday, December 17, 2010 10:52 AM | Reason: Not specified
stocksmaster
#1189 Posted : Friday, December 17, 2010 2:50:12 PM
Rank: Member

Joined: 9/26/2006
Posts: 463
Location: CENTRAL PROVINCE
@ CNN & VituVingiSana:

I got the figures from the Business Daily, and on further research I think they are accurate.

Open the link below and go to Page 10.
http://www.esmap.org/esm..._doc_with_new_cover.pdf

The diagram shows Petroleum product consumption for 2007 for 12 countries.
In Kenya, Gasoline is about 15%, Kerosine about half of that (8-9%), Aviation fuel about 20%, Diesel about 35%, Fuel oil about 18%.

The rest of the report also makes for interesting reading.

Happy hunting.
x handle: @stocksmaster79
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jawz1
#1190 Posted : Tuesday, December 21, 2010 7:13:02 AM
Rank: Member

Joined: 8/4/2008
Posts: 205
Location: Nairobi
Statement from Kenol Kobil:

20 Dec 2010

Indian Ocean Declared a War Zone

The entire Indian Ocean has been declared a war zone effective December 16, 2010 by the Joint War Committee (JWC)!

JWC cites the ever increasing piracy activities across the Indian Ocean, beyond the coast of Somalia and the Gulf of Eden, which the influential body had earlier declared a war zone in their latest advisory.

Following the declaration, ship owners have raised freight premiums by more than 100%. Freight premiums now stand at an average of 30 USD per tonne of cargo up from the previous average of 15 USD per tonne. Marine insurance premiums have also gone up.

This declaration means that the cost of shipping all goods including petroleum products across the Indian Ocean will increase further as ship owners incur additional costs related to the significant voyage deviation off the East African coastline as well as hiring of private armed protection.

Further, ship owners who have in the past been reluctant to send their vessels on assignments across the piracy prone Indian Ocean waters are expressing even more reluctance now.

In this regard, we would like to sensitize consumers of the impending rise in the prices of key commodities in Kenya and the region.

Charles Njogu

Public Relations Manager
"When the pupil is ready to learn, a teacher will appear." -- Zen proverb
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238 Pages«<117118119120121>»
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