Very informative piece of info right there. So the licensed importers of crude do not have adequate working capital and have to finance by borrowing from banks or wherever at exhorbitant rates and passing on the same to the consumer. The supposed benefits of tendering and only allowing one importer at a timer means then that there is no real benefit to the bulk import system. It would be interesting to see what would happen if there were various competing importers. I am willing to bet my left leg that the price of fuel would be much much cheaper.
Rationale;

(1) Players import what they can afford without resorting to borrowing
(2) The competition among distributors would force prices down
(3) It would discourage hoarding by 1 player
(4) It would encourage intradate between players and could even encourage players to explore the petroleum futures market.
(5) It would allow shipping in of products through out the year and eliminate the artificial shortages that winning bidders are known to create in order to increase prices

Itakuwa chida Ndugu yanyu
Imagine wife works in huringham so abebewe na Neiba X na hubby aende na gari cos anawork machacos !!....for how long? There will Be WW3 in all households before U know it

imagine cycling to Rongai in rainy weather

why is it that we cant import fuel from sudan?

Methinks that is in unethical for NOCK to be celebrating having made a profit in the last financial year when it's sole reason for existence is to reign in the OMCs and not make money for GOK. I blame NOCK and ERB for these issues. I would prefer the 'independents' to be let loose on the two remaining multinationals and the profiteering NOCK!! Those few warias can give them a serious run for their cash to the benefit of Kenyans.

@ Guru,

NOCK should have capacity to have indications of future oil trading prices and get contracts that allow for huge imports at stable prices. If they see the KES fluctuating, as it has, what has stopped them from hedging( KQ made quite some income from this last year) or keeping their reserves in foreign currency. They should be able to stabilize prices within every quarter. Right now, do you feel their effect on the market? Yet it is "OUR" money that has been used to set them up fro the very purpose of stabilizing oil prices and ensuring that the multinationals do not exploit us. we even went further to acquire alot of retail stations for them. Then mow the MD lady imagines we were doing it for profits. If they cannot do what they are supposed to do, then shut them down!

To me the problem is not '124.2' at the pump but 100 today, 110 tomorrow, 95 the day after!!! We need stability (at whatever price)to plan.