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mawinder
#1 Posted : Sunday, October 14, 2012 6:14:06 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Any wazuan with the latest fuel prices?
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jamplu
#2 Posted : Sunday, October 14, 2012 7:02:15 PM
Rank: Veteran

Joined: 3/25/2010
Posts: 939
Location: Nai
mawinder wrote:
Any wazuan with the latest fuel prices?



Petrol up by Sh6.31 to Sh115.26, Diesel up by Sh5.04 per litre to Sh106.1, Kerosene up by Sh6.36 per litre in Nairobi.
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youcan'tstopusnow
#3 Posted : Sunday, October 14, 2012 7:05:39 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
jamplu wrote:
mawinder wrote:
Any wazuan with the latest fuel prices?



Petrol up by Sh6.31 to Sh115.26, Diesel up by Sh5.04 per litre to Sh106.1, Kerosene up by Sh6.36 per litre in Nairobi.


Wow! Those are pretty steep rises.
GOD BLESS YOUR LIFE
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Impunity
#4 Posted : Sunday, October 14, 2012 7:12:43 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
jamplu wrote:
mawinder wrote:
Any wazuan with the latest fuel prices?



Petrol up by Sh6.31 to Sh115.26, Diesel up by Sh5.04 per litre to Sh106.1, Kerosene up by Sh6.36 per litre in Nairobi.


Woiyeeeeeeeeeeeeeeeeeeeeeeeee!!!!

All because of the Tishas salary increment!

Sad Sad Sad Sad
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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maka
#5 Posted : Sunday, October 14, 2012 7:43:27 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
I remember we were told here that we dont know how inflation works,if this does not impact on the figures going forward then whatever we are using is a flawed system for sure...steep increases indeed.,
possunt quia posse videntur
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guru267
#6 Posted : Sunday, October 14, 2012 7:52:56 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
maka wrote:
I remember we were told here that we dont know how inflation works,if this does not impact on the figures going forward then whatever we are using is a flawed system for sure...steep increases indeed.,


A 5-6bob rise is less than 5% rise...

At 115bob we may still be lower than this time last year! So it might still reflect a decline in the inflation rate..

And in any case a 5% rise in fuel will probably lead to a 1.5% rise in inflation if all others stay constant...
Mark 12:29
Deuteronomy 4:16
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Impunity
#7 Posted : Sunday, October 14, 2012 7:56:21 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
guru267 wrote:
maka wrote:
I remember we were told here that we dont know how inflation works,if this does not impact on the figures going forward then whatever we are using is a flawed system for sure...steep increases indeed.,


A 5-6bob rise is less than 5% rise...

At 115bob we may still be lower than this time last year! So it might still reflect a decline in the inflation rate..

And in any case a 5% rise in fuel will probably lead to a 1.5% rise in inflation if all others stay constant...


So are happy with these latest increase in fuel prices, you @guru267?
d'oh!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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chiaroscuro
#8 Posted : Sunday, October 14, 2012 9:05:03 PM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
People have forgotten that these prices are arrived at after a very comprehensive calculation using the formula that was discussed at great length between the regulator, the suppliers, the major consumers and the general public...

The prices are not determined by lobbying.
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mawinder
#9 Posted : Sunday, October 14, 2012 9:22:21 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Chiaroscuro,seconded.oil companies would be making abnormal profits in the market but a closer look shows that they are running away e.g shell,kenol kobil,caltex etc
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maka
#10 Posted : Sunday, October 14, 2012 10:10:13 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
chiaroscuro wrote:
People have forgotten that these prices are arrived at after a very comprehensive calculation using the formula that was discussed at great length between the regulator, the suppliers, the major consumers and the general public...

The prices are not determined by lobbying.

...ummmh nobody has questioned how the prices have coe about we know the formula applied by the ERC...just that i,l find it really weird if inflation continues to drop in the coming months...Electricity is also up 10%...
possunt quia posse videntur
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