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Fuel Price reduced
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Sober
#1 Posted : Wednesday, December 14, 2011 4:06:47 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
the regulator cuts petrol prices in nairobi by 5.07 shillings/ ltr from 124.13, diesel down 3.33 shillings from 114.30 the margin is sooooo small.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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McReggae
#2 Posted : Wednesday, December 14, 2011 4:13:03 PM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
these guys are nuts!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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mnjoro
#3 Posted : Wednesday, December 14, 2011 4:20:54 PM
Rank: Member

Joined: 2/21/2009
Posts: 573
Really ?
How long before they adjust upwards?
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Jus Blazin
#4 Posted : Wednesday, December 14, 2011 4:22:21 PM
Rank: Elder

Joined: 10/23/2008
Posts: 3,966
Let's be optimistic. Who knows, next month it may be reduced by another sh7, and so on. Then we find ourselves at sub 90.
Luck is when Preparation meets Opportunity. ~ Lucius Annaeus Seneca
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carygoh
#5 Posted : Wednesday, December 14, 2011 4:25:46 PM
Rank: Elder

Joined: 5/4/2008
Posts: 1,703
Sober wrote:
the regulator cuts petrol prices in nairobi by 5.07 shillings/ ltr from 124.13, diesel down 3.33 shillings from 114.30 the margin is sooooo small.



@ na gas imepatikana
Think Positive Test Negative
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Pierce
#6 Posted : Wednesday, December 14, 2011 4:49:20 PM
Rank: Veteran

Joined: 3/16/2009
Posts: 1,464
carygoh wrote:
Sober wrote:
the regulator cuts petrol prices in nairobi by 5.07 shillings/ ltr from 124.13, diesel down 3.33 shillings from 114.30 the margin is sooooo small.



@ na gas imepatikana


Unasema ama unauliza?
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Tommy
#7 Posted : Wednesday, December 14, 2011 4:53:03 PM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
Based on the fact that crude oil is going for $99 per barrel, and the dollar is exchanging at less than Ksh 90. The drop in prices by Ksh 5 is a drop in the ocean. We should be buying the fuel at less than ksh 100.To me anything above Kshs 100 per litre is crazy. Over to you committee on energy, Disband the ERC now.
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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mukiha
#8 Posted : Thursday, December 15, 2011 7:35:06 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
People; People; People;

You really have to study the ERC formula carefully in order to understand how the prices are arrived at. It is not based on the "spot" prices of crude and USD. The work with the "weighted average" for the preceding 30-day period.

As I said here before; if we abandon the ERC formula, the price will jump to 150 the following day!

The idea behind the formula is NOT to keep the prices low; rather it is to keep them fair to all - consumers and dealers alike
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Jus Blazin
#9 Posted : Thursday, December 15, 2011 8:10:10 AM
Rank: Elder

Joined: 10/23/2008
Posts: 3,966
@mukiha, spot on.
Luck is when Preparation meets Opportunity. ~ Lucius Annaeus Seneca
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McReggae
#10 Posted : Thursday, December 15, 2011 8:14:55 AM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Mukiha, now tell me why before ERC, any random comparison with TZ always had Kenyan cheaper and all over a sudden we are more expensive than TZ!!!
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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