@djinn - If 50% of the price is NOT in your hands... what do you do?
** The GoK taxes are much higher than any margins the oil marketers make. The OMs buy the crude,pay (higher than market) prices to process,lose 'crude' through inefficient KPRL,lose high value white oils (petrol) & get black oils (fuel oil) coz of old (skimming) technology used at KPRL,use an inefficient KPC (loading can take days for tankers),pay upfront duties (interest costs),delayed refunds (interest costs),etc
*** I got tired of typing... but how do you blame OMs when the GoK 'silently' is the cause of most of the fixed costs in every litre of petrol?
**** Of course,we need to fuel kibaki's & RAOs & ka-loser's motorcades...
Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett