Why I'm Still Paying 110/= Plus at the Pump - Page 9 - Economy - Wazua

Welcome Guest

Search | Active Topics | Log In | Register

Wazua » Investor » Economy » Why I'm Still Paying 110/= Plus at the Pump

Why I'm Still Paying 110/= Plus at the Pump

Options

Previous Topic · Next Topic

MaichBlack		#161 Posted : Thursday, March 19, 2015 7:48:40 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,455		murchr wrote: MaichBlack wrote: murchr wrote: MaichBlack wrote: Can the geniuses kindly post the prices for December, January and February. While at it, provide a link to verify your values and tell us which month's price we were using in February and which month's prices we are using in March. We know what we know but apparently we might be wrong. Now give us figures. Sio sijui media ooh, Kenyans ooh. Bla bla bla... Figures and we interrogate them. Simple! Why not make google your friend. Even the countries who refine their oil, have seen a price increase. Do your research So people payuka and then I Google on their behalf??? If someone cannot support what they are saying, they should shut up!! Aren't you the one asking for prices/figures? If you state a FACT and I Say that that fact is not correct, I should support my claim. Hiyo ingine yote ni pang'ang'a!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top		Report Abusive \| Report SPAM
User Profile

Impunity		#162 Posted : Thursday, March 19, 2015 9:28:19 AM
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada		streetwise wrote: So let me ask as the world crude oil prices are falling are those for refined oil going up and why ( no need for a formula), could it be that electricity in the refining country has gone up ??? this is what ERC needs to answer. The same electricity comes from burning HFO/Crude in those refining countries, so the final product has to be cheaper non the less! Most oil producing countries(Saudia,Iran,Venezuala.Kuwait,Qatar,Russia eatl) burn the same oil to produce electricity, its cheaper than using other sources like coal/hydro, its only Norway which produces and exports vast amounts of oil but get almost 100% of its electricity from Hydro and other renewable sources. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
Back to top		Report Abusive \| Report SPAM
User Profile

whiteowl		#163 Posted : Thursday, March 19, 2015 9:40:39 AM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		I think Kenya's refined oil is not from crude oil. That's explains why it's price movement doesn't correlate with any crude oil index.
Back to top		Report Abusive \| Report SPAM
User Profile

chiaroscuro		#164 Posted : Thursday, March 19, 2015 9:46:29 AM
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi		Thankfully, our old & stupid refinery was closed down in 2013! It had been responsible for keeping prices high. Since then, we import refined product only. So, it is not quite correct to compare pump-price movement with crude oil prices. That's like comparing the price of yogurt to that of milk. Still, ERC and Ministry of Energy must OPENLY tell us what goes on at the OPEN Tender System!
Back to top		Report Abusive \| Report SPAM
User Profile

MaichBlack		#165 Posted : Thursday, March 19, 2015 10:19:47 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,455		whiteowl wrote: I think Kenya's refined oil is not from crude oil. That's explains why it's price movement doesn't correlate with any crude oil index. That definitely explains everything! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top		Report Abusive \| Report SPAM
User Profile

Swenani		#166 Posted : Thursday, March 19, 2015 10:26:38 AM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		MaichBlack wrote: whiteowl wrote: I think Kenya's refined oil is not from crude oil. That's explains why it's price movement doesn't correlate with any crude oil index. That definitely explains everything! chiaroscuro wrote: Thankfully, our old & stupid refinery was closed down in 2013! It had been responsible for keeping prices high. Since then, we import refined product only. So, it is not quite correct to compare pump-price movement with crude oil prices. That's like comparing the price of yogurt to that of milk. Still, ERC and Ministry of Energy must OPENLY tell us what goes on at the OPEN Tender System! If Obiero did it, Who Am I?
Back to top		WWW Report Abusive \| Report SPAM
User Profile

MaichBlack		#167 Posted : Friday, April 10, 2015 7:23:48 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,455		I am totally tired of this government and it's agencies!!! We have a useless government and an even more useless opposition!!! Link: Finding new ways to screw Kenyans!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top		Report Abusive \| Report SPAM
User Profile

MaichBlack		#168 Posted : Friday, April 10, 2015 7:53:04 AM
Rank: Elder Joined: 7/22/2009 Posts: 7,455		Can we modify the East African treaty to allow other East African citizens to vie in Kenya. Screw sovereignty!!! #KagameForKenyanPresident *I watched a mum who talked to her daughter during the Garisa Massacre from 6:00 am to midday. She was butchered past 12:00pm! More than 6 hours later!!! The police and KDF were there from morning! They couldn't neutralize 4 terrorists. Wasn't the president getting updates. If I was the president I would have needed a detailed explanation BEFORE 7:00 am why the police and military had not stormed the hostels while there was ACTIVE SHOOTING going on!! As you can tell, I am a pissed of Kenyan!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top		Report Abusive \| Report SPAM
User Profile

Impunity		#169 Posted : Tuesday, April 14, 2015 5:18:50 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada		Mameongeza ngaphi leo? Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
Back to top		Report Abusive \| Report SPAM
User Profile

sqft		#170 Posted : Tuesday, April 14, 2015 5:29:38 PM
Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya		Impunity wrote: Mameongeza ngaphi leo? Petrol down by Ksh 0.11. Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
Back to top		Report Abusive \| Report SPAM
User Profile

Impunity		#171 Posted : Tuesday, April 14, 2015 6:12:58 PM
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada		sqft wrote: Impunity wrote: Mameongeza ngaphi leo? Petrol down by Ksh 0.11. USELESS KABISA. Portfolio: Sold You know you've made it when you get a parking space for your yatcht.
Back to top		Report Abusive \| Report SPAM
User Profile

littledove		#172 Posted : Tuesday, April 14, 2015 6:32:55 PM
Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky		The ERC announced that the price of super petrol will decrease by Sh0.11 a litre across the country for the next month, while diesel will be Sh1.28 higher. Kerosene will increase by Sh1.46 per litre. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Back to top		WWW Report Abusive \| Report SPAM
User Profile

MaichBlack		#173 Posted : Tuesday, April 14, 2015 10:04:12 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,455		littledove wrote: The ERC announced that the price of super petrol will decrease by Sh0.11 a litre across the country for the next month, while diesel will be Sh1.28 higher. Kerosene will increase by Sh1.46 per litre. Brary Gaskets!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top		Report Abusive \| Report SPAM
User Profile

whiteowl		#174 Posted : Wednesday, April 15, 2015 8:04:07 AM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		This scenario is replayed in lots of other sectors. Maize supply: very high, maize flour price: very high. Only in Kenya.
Back to top		Report Abusive \| Report SPAM
User Profile

SittingPretty		#175 Posted : Wednesday, April 15, 2015 8:49:55 AM
Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA		MaichBlack wrote: littledove wrote: The ERC announced that the price of super petrol will decrease by Sh0.11 a litre across the country for the next month, while diesel will be Sh1.28 higher. Kerosene will increase by Sh1.46 per litre. Brary Gaskets!!! @Maichblack I understand your vile it can be frustrating. But let me shed some light atleast with figures and not stories. Using an example of Super petrol for the month of march. Note that I have excluded any decimals FOB= USD592/Mt Premium/freight/insurance=USD26/MT Port charges/KMA/Shipping/Inspection(SGS)=USD18/MT Total landed cost(Mombasa)=USD636/MT Usd rate Ksh92.5 Approx Landed Cost=Ksh43 per liter Taxes = Ksh31 (+/-0.5) Tax paid cost= Ksh74 per liter Kenya Pipeline=Ksh3.7 per liter Transport to station( Truck)= Ksh0.7 per liter Station cost= Ksh78 per liter Note: 1. OMC (eg Total/Vivo) has not paid salaries,office rent, depot fees, finance costs and other admin costs. 2. Station operator(mostly franchised) needs to also pay its bills, maintenance etc. Lets assume the admin costs for the station and OMC is Ksh3 per liter each. Station cost= Ksh78 per liter Admin Cost= Ksh6 per liter Total cost at station= Ksh84 per liter Well ideally that should be the price at the station??? Fortunately this are not Non profit orgs. ERC price for Nairobi is Ksh89.35 Profit= 89.35-84 = Ksh5.35 Now that has to be shared between the OMC and the station operator. And of course GOK at the end of the year. Hope this helps. Disclaimer: I do not work for ERC or any GOK institution. I am only have a few KK stocks. Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
Back to top		Report Abusive \| Report SPAM
User Profile

Swenani		#176 Posted : Wednesday, April 15, 2015 9:04:46 AM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		SittingPretty wrote: MaichBlack wrote: littledove wrote: The ERC announced that the price of super petrol will decrease by Sh0.11 a litre across the country for the next month, while diesel will be Sh1.28 higher. Kerosene will increase by Sh1.46 per litre. Brary Gaskets!!! @Maichblack I understand your vile it can be frustrating. But let me shed some light atleast with figures and not stories. Using an example of Super petrol for the month of march. Note that I have excluded any decimals FOB= USD592/Mt Premium/freight/insurance=USD26/MT Port charges/KMA/Shipping/Inspection(SGS)=USD18/MT Total landed cost(Mombasa)=USD636/MT Usd rate Ksh92.5 Approx Landed Cost=Ksh43 per liter Taxes = Kshs.29.42 Tax paid cost= Ksh72.42per liter Distribution costs=Aprox 5 per liter(varies betwen 4.0-4.6) based on the last 6 months Station cost= Ksh77.42 per liter Margins(both wholesale and retailer)=11.18(this is fixed) Demmurrage=Kshs.0.05 Retail price for Nairobi=Kshs 88.65 Note: 1. OMC (eg Total/Vivo) has not paid salaries,office rent, depot fees, finance costs and other admin costs. 2. Station operator(mostly franchised) needs to also pay its bills, maintenance etc. Lets assume the admin costs for the station and OMC is Ksh3 per liter each. Station cost= Ksh78 per liter Admin Cost= Ksh6 per liter Total cost at station= Ksh84 per liter Well ideally that should be the price at the station??? Fortunately this are not Non profit orgs. ERC price for Nairobi is Ksh89.35 Profit= 89.35-84 = Ksh5.35 Now that has to be shared between the OMC and the station operator. And of course GOK at the end of the year. Hope this helps. Disclaimer: I do not work for ERC or any GOK institution. I am only have a few KK stocks. If Obiero did it, Who Am I?
Back to top		WWW Report Abusive \| Report SPAM \| Edit by user: Wednesday, April 15, 2015 9:06 AM \| Reason: Not specified
User Profile

majimaji		#177 Posted : Wednesday, April 15, 2015 9:13:03 AM
Rank: Veteran Joined: 4/4/2007 Posts: 1,162		whiteowl wrote: This scenario is replayed in lots of other sectors. Maize supply: very high, maize flour price: very high. Only in Kenya. Does it mean we the consumers start milling our own posho?
Back to top		Report Abusive \| Report SPAM
User Profile

whiteowl		#178 Posted : Wednesday, April 15, 2015 10:07:37 AM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		majimaji wrote: whiteowl wrote: This scenario is replayed in lots of other sectors. Maize supply: very high, maize flour price: very high. Only in Kenya. Does it mean we the consumers start milling our own posho? Yes and refine your own crude. Also have dairy cows instead of buying processed milk
Back to top		Report Abusive \| Report SPAM
User Profile

Boris Boyka		#179 Posted : Wednesday, April 15, 2015 10:57:26 AM
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here		Swenani wrote: SittingPretty wrote: MaichBlack wrote: littledove wrote: The ERC announced that the price of super petrol will decrease by Sh0.11 a litre across the country for the next month, while diesel will be Sh1.28 higher. Kerosene will increase by Sh1.46 per litre. Brary Gaskets!!! @Maichblack I understand your vile it can be frustrating. But let me shed some light atleast with figures and not stories. Using an example of Super petrol for the month of march. Note that I have excluded any decimals FOB= USD592/Mt Premium/freight/insurance=USD26/MT Port charges/KMA/Shipping/Inspection(SGS)=USD18/MT Total landed cost(Mombasa)=USD636/MT Usd rate Ksh92.5 Approx Landed Cost=Ksh43 per liter Taxes = Kshs.29.42 Tax paid cost= Ksh72.42per liter Distribution costs=Aprox 5 per liter(varies betwen 4.0-4.6) based on the last 6 months Station cost= Ksh77.42 per liter Margins(both wholesale and retailer)=11.18(this is fixed) Demmurrage=Kshs.0.05 Retail price for Nairobi=Kshs 88.65 Note: 1. OMC (eg Total/Vivo) has not paid salaries,office rent, depot fees, finance costs and other admin costs. 2. Station operator(mostly franchised) needs to also pay its bills, maintenance etc. Lets assume the admin costs for the station and OMC is Ksh3 per liter each. Station cost= Ksh78 per liter Admin Cost= Ksh6 per liter Total cost at station= Ksh84 per liter Well ideally that should be the price at the station??? Fortunately this are not Non profit orgs. ERC price for Nairobi is Ksh89.35 Profit= 89.35-84 = Ksh5.35 Now that has to be shared between the OMC and the station operator. And of course GOK at the end of the year. Hope this helps. Disclaimer: I do not work for ERC or any GOK institution. I am only have a few KK stocks. @ sitting pretty it helps. you work for one of those entities along that chain Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Back to top		Report Abusive \| Report SPAM
User Profile

derick		#180 Posted : Wednesday, April 15, 2015 11:33:36 AM
Rank: Member Joined: 1/10/2015 Posts: 411		whiteowl wrote: majimaji wrote: whiteowl wrote: This scenario is replayed in lots of other sectors. Maize supply: very high, maize flour price: very high. Only in Kenya. Does it mean we the consumers start milling our own posho? Yes and refine your own crude. Also have dairy cows instead of buying processed milk Your income is directly related to your philosophy, Not the economy.-Jim Rohn
Back to top		Report Abusive \| Report SPAM
User Profile

Users browsing this topic
Guest (8)

16 Pages«<7891011>»

Wazua » Investor » Economy » Why I'm Still Paying 110/= Plus at the Pump

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Email this topic
Print this topic
RSS Feed

Normal
Threaded