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FUEL PRICES
Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Any wazuan with the latest fuel prices?
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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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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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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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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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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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!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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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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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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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?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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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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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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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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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Impunity wrote: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? @Impunity if @guru267 had control over global oil price trends then you'd be in a place to ask such a.....question.
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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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... @ guru...nothing will stay constant! you are forgeting one thing...that any increase in energy/fuel will send a ripple effect upon other commodities too. The 1.5% rise in inflation is probably the part contributed by the fuel alone...Wait until the electricity, transportation and commodity prices go up and the story will be different, at least from Kenyan experience... ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@impunity @maka @Kaigangio, you need Economics 101. While on inflation, understand what 'a basket of goods' is all about In the mean time, read, "Inflation rate to dip below 5pc, say analysts", link
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwekez@ji wrote:In the mean time, read, "Inflation rate to dip below 5pc, say analysts", link Then we could be in line for another CBR cut, albeit more modest than the 350 bps we saw last time... GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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do the price changes really have a big affect, apart from the rise in pump prices and electricity cost doing up - I have not yet seen matatus raising fare because of the increase, or a plate of chips going up because the cost of transporting the potatoes went slightly up.
Its just a few big people/businesses who benefit from the increase
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Rank: Member Joined: 7/21/2010 Posts: 249 Location: nairobi
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sitaki.kujulikana wrote:do the price changes really have a big affect, apart from the rise in pump prices and electricity cost doing up - I have not yet seen matatus raising fare because of the increase, or a plate of chips going up because the cost of transporting the potatoes went slightly up.
Its just a few big people/businesses who benefit from the increase most of the prices you see in the market( fare, chips, transport ya potato...etc) were set when the price of fuel per litre was at the pick( ksh 121 per ltre)... so , its boom business untill we get back to the pick...and if we get a new pick, then , new prices.... ..desire to succeed is always fighting with fear of failure..
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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USD/KES @88/- is the line in the sand. Once that level is breached, inflation will pop up. So I expect CBK to guard that USD rate with whatever tools they have. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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mwekez@ji wrote:@impunity @maka @Kaigangio, you need Economics 101. While on inflation, understand what 'a basket of goods' is all about In the mean time, read, "Inflation rate to dip below 5pc, say analysts", link Forget about those books sir...What i know as a layman is that whenever the fuel price goes up everything else that depends on it goes up...the margin is irrelevant... ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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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. Do you @ chiaroscuro think that the formular is always applicable... I now think the ERC apply that formular only in January and not any other month of the year...the reason: See here... http://www.nation.co.ke/.../-/focsb0z/-/index.html ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Elder Joined: 6/17/2008 Posts: 23,365 Location: Nairobi
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maina20 wrote:sitaki.kujulikana wrote:do the price changes really have a big affect, apart from the rise in pump prices and electricity cost doing up - I have not yet seen matatus raising fare because of the increase, or a plate of chips going up because the cost of transporting the potatoes went slightly up.
Its just a few big people/businesses who benefit from the increase most of the prices you see in the market( fare, chips, transport ya potato...etc) were set when the price of fuel per litre was at the pick( ksh 121 per ltre)... so , its boom business untill we get back to the pick...and if we get a new pick, then , new prices....
PEAK..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
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