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REPRIEVE AS PETROL PRICES FALL BY KSH 9
abdulrahman
#1 Posted : Saturday, July 14, 2012 4:45:11 PM
Rank: Member

Joined: 4/25/2012
Posts: 261
Good news for all as pump prices fall. The margins are good if only can maintain without rising again.

Super Petrol has reduced by Sh9.21 per litre and will now sell at Sh108.46 in Nairobi, Diesel Sh97.50 (a drop of Sh8.08), Regular Petrol Sh105.76 (Sh11.70), and Kerosene Sh74.40 (Sh8.01).

http://www.businessdaily...14/-/wxwy42/-/index.html
hisah
#2 Posted : Saturday, July 14, 2012 5:21:08 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This is a good start. Oil prices have nosedived since April. Now add another CBR rate cut smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Sufficiently Philanga....thropic
#3 Posted : Saturday, July 14, 2012 9:12:33 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Wow! For the first time in almost an year i load in diesel at sub 100! wohoo
And i dare say we will see NSE at 4K before month endsmile
@SufficientlyP
Sufficiently Philanga....thropic
#4 Posted : Saturday, July 14, 2012 9:15:49 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
hisah wrote:
This is a good start. Oil prices have nosedived since April. Now add another CBR rate cut smile

Now that the 150bp drop in cbr dint bruise the shilling,how about them now try a 500bp drop?
#Jus saying!
@SufficientlyP
youcan'tstopusnow
#5 Posted : Saturday, July 14, 2012 11:03:09 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Next inflation figures to come in at less than 10 percent? 19 percent seems just like yesterday. Time flies. Bank rates ndio zimebaki and even that has began to give in...
GOD BLESS YOUR LIFE
guru267
#6 Posted : Saturday, July 14, 2012 11:43:16 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Sufficiently Philanga....thropic wrote:
hisah wrote:
This is a good start. Oil prices have nosedived since April. Now add another CBR rate cut smile

Now that the 150bp drop in cbr dint bruise the shilling,how about them now try a 500bp drop?
#Jus saying!


This is a little too extreme!!
Mark 12:29
Deuteronomy 4:16
Sufficiently Philanga....thropic
#7 Posted : Sunday, July 15, 2012 10:16:24 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Just passed by Karen Shoppibg Centre & Shell still to effect decrease.
Petrocity across the road is selling diesel at Ksh.96 & petrol at 108 while shell still has its diesel at 105.5 & petrol at 117.
Funny thing is there isnt a single car there while at Petrocity,a queue is building upLaughing out loudly
@SufficientlyP
Sufficiently Philanga....thropic
#8 Posted : Sunday, July 15, 2012 10:18:32 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
guru267 wrote:
Sufficiently Philanga....thropic wrote:
hisah wrote:
This is a good start. Oil prices have nosedived since April. Now add another CBR rate cut smile

Now that the 150bp drop in cbr dint bruise the shilling,how about them now try a 500bp drop?
#Jus saying!


This is a little too extreme!!

Im soo praying it comes to passsmile
@SufficientlyP
youcan'tstopusnow
#9 Posted : Sunday, July 15, 2012 9:19:31 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
youcan'tstopusnow wrote:
Next inflation figures to come in at less than 10 percent? 19 percent seems just like yesterday. Time flies. Bank rates ndio zimebaki and even that has began to give in...

A significant drop in headline inflation, which stood at 10.05 per cent last month, is in turn expected to add
downward pressure on
interest rates, which began their own climb-down early this month with a 1.5 percentage points cut in the
benchmark Central Bank
Rate (CBR).
http://www.businessdaily.../-/1b18npz/-/index.html
GOD BLESS YOUR LIFE
Silk
#10 Posted : Monday, July 16, 2012 10:24:59 AM
Rank: Member

Joined: 8/25/2008
Posts: 144
I'm most impressed by the steady shilling after the CBR drop and now a significant drop in fuel prices !! Sign of good thing to come.
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