Lucid_Iam wrote:If ERC were not here, we would probably be on the streets asking the govt to regulate pricing because like Bwenyenye said we would probably be paying at least KES 10 more per liter. Lets not get all emotional on this issues. KES value has been bad for the last two months, its probably just beginning to cool off now.
Taxation on fuel is too heavy at around 50%. This the price to be paid for big government. My concerns are that the government is doing nothing to address for example the problem of a bloated cabinet and civil service. Some middle level civil servants have 2 drivers and several cooks and gardeners attached to them.
Consider this, people in a tiny British overseas territory called Bermuda (that imports 99% of its food and 100% of its sugar) pay only $0.8 for a kilogram of sugar while Kenyans pay $1.85 for the same commodity. Now to put it in perspective, Bermuda's per capita income is $96,000 compared to Kenya's per capita income of $1,600. Bermuda is one of the juridictions in the world that are considered to have very high cost of living. The conditions for a 'Kenyan spring' uprising are all present and I am surprised that the government does not seem to notice that.