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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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joga bonito wrote:Spikes wrote:jerry wrote:Liv wrote:joga bonito wrote:Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen?
@Joga,
Don't allow yourself to be guided by ignorant people. You will soon be like them....
A barrel of crude oil will need to be refined before the refined products are shipped to Kenya. Out of it the following are generated
LPG
Premium fuel,
Regular fuel
Jet oil
Kerosine
Diesel
Fuel oil
Bitumen for making roads.
All the above are produced in certain proportions and the price of the Barrel must be allocated accordingly. High value products like LPG and premium fuel are allocated higher cost than bitumen and fuel oil per litre.
On top of that the cost of shipping and hauling, import / custom duties, VAT taxes and other related charges like clearing and forwarding are loaded to the base price. The companies that have invested in the import, shipping and stocking of the products must get some return on their investments. The Retailer / dealers must pay salaries and get a return on their investments and so the mark ups are added there too.
All those are added up to get to your price of Shs 90-100 per litre for premium super gas.
If you want to know whether the consumers are overcharged in Kenya, you should compare the prices per litre in USD with other countries. Our prices in Kenya are lower than many other oil importing countries. And I know you (@Liv) are not on Gok payroll. Are the rates for Jan/Feb out? @Jerry what is your take on Kenyan corporate greed? @Liv well put, but you still agree that more than 50% of the 90-100 price is govt tax What do you expect, the govt builds roads for "free" (You have no toll roads), education for most is free, maternal care is subsidized where is this money coming from? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 7/3/2014 Posts: 245
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murchr wrote:joga bonito wrote:Spikes wrote:jerry wrote:Liv wrote:joga bonito wrote:Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen?
@Joga,
Don't allow yourself to be guided by ignorant people. You will soon be like them....
A barrel of crude oil will need to be refined before the refined products are shipped to Kenya. Out of it the following are generated
LPG
Premium fuel,
Regular fuel
Jet oil
Kerosine
Diesel
Fuel oil
Bitumen for making roads.
All the above are produced in certain proportions and the price of the Barrel must be allocated accordingly. High value products like LPG and premium fuel are allocated higher cost than bitumen and fuel oil per litre.
On top of that the cost of shipping and hauling, import / custom duties, VAT taxes and other related charges like clearing and forwarding are loaded to the base price. The companies that have invested in the import, shipping and stocking of the products must get some return on their investments. The Retailer / dealers must pay salaries and get a return on their investments and so the mark ups are added there too.
All those are added up to get to your price of Shs 90-100 per litre for premium super gas.
If you want to know whether the consumers are overcharged in Kenya, you should compare the prices per litre in USD with other countries. Our prices in Kenya are lower than many other oil importing countries. And I know you (@Liv) are not on Gok payroll. Are the rates for Jan/Feb out? @Jerry what is your take on Kenyan corporate greed? @Liv well put, but you still agree that more than 50% of the 90-100 price is govt tax What do you expect, the govt builds roads for "free" (You have no toll roads), education for most is free, maternal care is subsidized where is this money coming from? Heavy taxes block Kenya's economy from cheap oilIn 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: 9/20/2015 Posts: 2,811 Location: Mombasa
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Liv wrote:joga bonito wrote:Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen?
@Joga,
Don't allow yourself to be guided by ignorant people. You will soon be like them....
A barrel of crude oil will need to be refined before the refined products are shipped to Kenya. Out of it the following are generated
LPG
Premium fuel,
Regular fuel
Jet oil
Kerosine
Diesel
Fuel oil
Bitumen for making roads.
All the above are produced in certain proportions and the price of the Barrel must be allocated accordingly. High value products like LPG and premium fuel are allocated higher cost than bitumen and fuel oil per litre.
On top of that the cost of shipping and hauling, import / custom duties, VAT taxes and other related charges like clearing and forwarding are loaded to the base price. The companies that have invested in the import, shipping and stocking of the products must get some return on their investments. The Retailer / dealers must pay salaries and get a return on their investments and so the mark ups are added there too.
All those are added up to get to your price of Shs 90-100 per litre for premium super gas.
If you want to know whether the consumers are overcharged in Kenya, you should compare the prices per litre in USD with other countries. Our prices in Kenya are lower than many other oil importing countries. Hiyo formula hata mama mboga anajua!  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Spikes wrote:Liv wrote:joga bonito wrote:Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen?
@Joga,
Don't allow yourself to be guided by ignorant people. You will soon be like them....
A barrel of crude oil will need to be refined before the refined products are shipped to Kenya. Out of it the following are generated
LPG
Premium fuel,
Regular fuel
Jet oil
Kerosine
Diesel
Fuel oil
Bitumen for making roads.
All the above are produced in certain proportions and the price of the Barrel must be allocated accordingly. High value products like LPG and premium fuel are allocated higher cost than bitumen and fuel oil per litre.
On top of that the cost of shipping and hauling, import / custom duties, VAT taxes and other related charges like clearing and forwarding are loaded to the base price. The companies that have invested in the import, shipping and stocking of the products must get some return on their investments. The Retailer / dealers must pay salaries and get a return on their investments and so the mark ups are added there too.
All those are added up to get to your price of Shs 90-100 per litre for premium super gas.
If you want to know whether the consumers are overcharged in Kenya, you should compare the prices per litre in USD with other countries. Our prices in Kenya are lower than many other oil importing countries. Hiyo formula hata mama mboga anajua!
If you have nothing to say, don't say it here!!
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Rank: Member Joined: 1/22/2015 Posts: 682
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joga bonito wrote:Spikes wrote:joga bonito wrote:I wonder whats the formula used by ERC, 1 barrel= 159 liters, 1 litre of petrol= 90 kes while 1 barrel= 30USD meaning 1 liter should be 19 kes. You have forgotten the fact that your government is a den of thieves. what will happen when there will be nothing left to be stolen? That's when donor funding jumps in and offers life support in exchange for lucrative contracts. And if it ever gets elephant, the crooks usually have shifted all their children majuu with a few houses and investments there, they'll just move. This Kenya... 
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Iran's sanctions lifted. More oil to be pumped, lower prices expected. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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murchr wrote:Iran's sanctions lifted. More oil to be pumped, lower pri expected.
...and that means more disposable cash for Iran to buy Kenyan tea! The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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http://www.bloomberg.com...reign-reserve-stockpile
The Chinese are burning through their reserves which do not look so formidable against M2. If they keep up the pace trying to create a buffer for the yuan then they are going to run out of ammo. If they take a back seat capital outflows will be of a massive scale... Catch 22 situation. Easing the monetary policy will only work for so long, since even fiddled GDP metrics seem to be cratering. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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lochaz-index wrote:http://www.bloomberg.com/news/articles/2016-01-19/the-weak-spot-in-china-s-3-3-trillion-foreign-reserve-stockpile
The Chinese are burning through their reserves which do not look so formidable against M2. If they keep up the pace trying to create a buffer for the yuan then they are going to run out of ammo. If they take a back seat capital outflows will be of a massive scale... Catch 22 situation.
Easing the monetary policy will only work for so long, since even fiddled GDP metrics seem to be cratering.
As long as the USD is strong capital flight is inevitable in China, Kenya and elsewhere. Some of the outflow from China tho is productive they have been paying Dollar denominated debt "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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some cartoons  ....the Dow Shorting haven, acres to fall. The Jan fall has been spectacular!  @SufficientlyP
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