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Why I'm Still Paying 110/= Plus at the Pump
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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I found it finally Sitting Pretty Wrote: Posted: Wednesday April 15, 2015 8:49:55 Am Quote:
@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.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Boris Boyka wrote:mlennyma wrote:Impunity wrote:Intelligentsia wrote:Is it me or is it weird that guys celebrating such thievery by gava at a time when oil prices are lowest in the world and when motorists will have to pay toll charges in addition to the fuel levy they are paying.
we should not be paying more than 60/= for Super.
I think we should just scrap ERC.
Its such a useless body. True. stop crying a fish rots from the head,this people you accuse daily are very junior serving senior masters,do you think those who promised to bring the cost of living down for Kenyans don't see this?do they ever complain? 1. What are the prices in the region, continent and other parts of Non oil producing? 2. Someone do for us the mathematics of costs per Metric tonne from import to the pum. A wazuan did it Sometimes back is it @whiteowl? 3. Let's evalute the prices of others products (e.g cars,electronics, furniture e.t.c) from import to retail price and compare the % increased vs that on oil. 4. With data from above three I'll be better placed to give a fair opinion. The last time I checked, the gaament was taking home KES. 32 per litter (or thereabout) in direct taxes for Super petrol..so even if the crude was to retail at 1 bob per barrel, the cost petrol in Kenya will never go below 32 bob! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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http://www.bloomberg.com/news/articles/2016-02-16/saudi-arabia-and-russia-agree-oil-output-freeze-in-qatar-talksWhile Novak has said he could consider cuts if other countries joined in, Russia faces significant obstacles to doing so. The freeze is conditional on other nation’s agreeing to participate, Russia’s Energy Ministry said in a statement. are other oil producers likely to join saudi and russia? 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
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Super is Kes 94.52 in Mandera.  RinkPortfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 12/11/2006 Posts: 884
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Impunity wrote:Super is Kes 94.52 in Mandera. Rink Cheapest petro station selling at 95. Others are 98 and 100 bob. “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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I see inflation for this month coming down to 6.3% But the cbr cannot be touched for fear of awakening the USD bulls . Small banks continue to be at the mercy of PN(the Governor).I also see the 91day T/Bill quietly broke the 9% handle upwards, at the last auction. #SitTight @SufficientlyP
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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KES 6 extra maintenance rate to be effected by Friday next week bring the total cost of maintenance levy to KES 18 from 12 Will this be a yearly adjustment? Last year it was increased from 9 to 12 Inflation rate last month was at 5.4% If Obiero did it, Who Am I?
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Rank: Elder Joined: 7/22/2009 Posts: 7,455
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Swenani wrote:KES 6 extra maintenance rate to be effected by Friday next week bring the total cost of maintenance levy to KES 18 from 12
Will this be a yearly adjustment? Last year it was increased from 9 to 12
Inflation rate last month was at 5.4% Has the country ever had a government that is more money hungry/taxes hungry than the current one??? Of course devil-ution is 45% to blame (As I was telling people before the referendum but a majority did not listen - the constitution had already been read for them!). Corruption 45% to blame. Lack of ideas & creativity, total disregard of the tax payer etc. 10%. NB: Corruption has been (massively) devolved so devil-ution/counties are one huge pain in the behind!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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FILL UP ON GAS TODAY, BEFORE MIDNIGHT TONIGHT! The gazette is out already, na sio ile kufunga nyama. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Impunity wrote:FILL UP ON GAS TODAY, BEFORE MIDNIGHT TONIGHT!
The gazette is out already, na sio ile kufunga nyama. Impunity continues. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Rank: Member Joined: 7/3/2014 Posts: 245
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Impunity wrote:FILL UP ON GAS TODAY, BEFORE MIDNIGHT TONIGHT!
The gazette is out already, na sio ile kufunga nyama. How much is the increase ? In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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TheGeek wrote:Impunity wrote:FILL UP ON GAS TODAY, BEFORE MIDNIGHT TONIGHT!
The gazette is out already, na sio ile kufunga nyama. How much is the increase ? My sources say by about 7 bob! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: New-farer Joined: 5/22/2014 Posts: 78
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Impunity wrote:TheGeek wrote:Impunity wrote:FILL UP ON GAS TODAY, BEFORE MIDNIGHT TONIGHT!
The gazette is out already, na sio ile kufunga nyama. How much is the increase ? My sources say by about 7 bob! Impunity really continues... ERC relase Quote:In this month’s review, ERC has factored KShs. 6 per litre in additional Road Maintenance Levy for both super petrol and diesel in line with the Road Maintenance Levy Fund (Imposition of Levy) (Amendment) Order, 2016....
...maximum allowed petroleum pump prices in Nairobi are as follows: Super Petrol increases by KShs 6.76 to KShs. 92.93 per litre, Diesel increases by KShs 9.53 to KShs. 83.24 per litre while Kerosene increases by KShs 3.41 to KShs. 61.45 per litre. Motorists are the new 'low hanging fruits' for the govt's greed; taxes account for half the cost of fuel
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Rank: Member Joined: 1/31/2007 Posts: 303
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TheGeek wrote:Impunity wrote:FILL UP ON GAS TODAY, BEFORE MIDNIGHT TONIGHT!
The gazette is out already, na sio ile kufunga nyama. How much is the increase ? Fuel price increases from July-August 2016
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Impunity wrote:TheGeek wrote:Impunity wrote:FILL UP ON GAS TODAY, BEFORE MIDNIGHT TONIGHT!
The gazette is out already, na sio ile kufunga nyama. How much is the increase ? My sources say by about 7 bob! Only 7 bob? That's a marginal increase in your monthly budget which can be cut off from the Radishes budget? If Obiero did it, Who Am I?
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Impunity wrote:Boris Boyka wrote:mlennyma wrote:Impunity wrote:Intelligentsia wrote:Is it me or is it weird that guys celebrating such thievery by gava at a time when oil prices are lowest in the world and when motorists will have to pay toll charges in addition to the fuel levy they are paying.
we should not be paying more than 60/= for Super.
I think we should just scrap ERC.
Its such a useless body. True. stop crying a fish rots from the head,this people you accuse daily are very junior serving senior masters,do you think those who promised to bring the cost of living down for Kenyans don't see this?do they ever complain? 1. What are the prices in the region, continent and other parts of Non oil producing? 2. Someone do for us the mathematics of costs per Metric tonne from import to the pum. A wazuan did it Sometimes back is it @whiteowl? 3. Let's evalute the prices of others products (e.g cars,electronics, furniture e.t.c) from import to retail price and compare the % increased vs that on oil. 4. With data from above three I'll be better placed to give a fair opinion. The last time I checked, the gaament was taking home KES. 32 per litter (or thereabout) in direct taxes for Super petrol..so even if the crude was to retail at 1 bob per barrel, the cost petrol in Kenya will never go below 32 bob! 
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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We need a rebellion on the bottom part,i would participate in such a demo!!our suffering is man made not natural ,5 levies on one product? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:The energy regulator has signalled more pain at the pump as it announced that petrol is up by Sh4.26 a litre to Sh100.27 in Nairobi in its latest review.
Diesel is also up Sh5.03 a litre to Sh89.26 while kerosene is up Sh3.75 to Sh67.19 a litre, the Energy Regulatory Authority (ERC) said Tuesday while citing a 20 per cent global increase in crude prices when the cargo was procured in December. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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we deserve this accept pay and move on punda amecheka
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