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Why I'm Still Paying 110/= Plus at the Pump
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shocks
#11 Posted : Sunday, November 02, 2014 7:16:03 AM
Rank: Member

Joined: 3/15/2009
Posts: 362
how such threads get to 11 posts puzzles me
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jerry
#12 Posted : Sunday, November 02, 2014 8:04:15 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
shocks wrote:
how such threads get to 11 posts puzzles me

Enrich the thread!
The opposite of courage is not cowardice, it's conformity.
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shocks
#13 Posted : Sunday, November 02, 2014 10:24:52 AM
Rank: Member

Joined: 3/15/2009
Posts: 362
jerry wrote:
shocks wrote:
how such threads get to 11 posts puzzles me

Enrich the thread!


There is nothing to say, everybody knows how the oil industry is regulated, the time lag btw. international prices and local prices, but you still find jobless corner complaints here
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Kagame
#14 Posted : Sunday, November 02, 2014 11:11:56 AM
Rank: New-farer

Joined: 4/1/2014
Posts: 47
@shocks,are you saying that the contributions are unintelligent and U have the gauge to know which or the way threads natural flow should proceed.sometimes its not what's written but what unwritten that exposes the frustrations.the cartels should be dealt with by legislation.ooh my bad,the mpigs are part of the cartels.conclusion,price will continue to be high until ...well never hata kama tunakamua oil turkana.
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  | | Edit by user: Sunday, November 02, 2014 1:41 PM | Reason: Not specified
MaichBlack
#15 Posted : Monday, November 03, 2014 10:10:11 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
shocks wrote:
jerry wrote:
shocks wrote:
how such threads get to 11 posts puzzles me

Enrich the thread!


There is nothing to say, everybody knows how the oil industry is regulated, the time lag btw. international prices and local prices, but you still find jobless corner complaints here

What people are questioning is the inefficiencies, corruption, the formula used etc.

Are you aware that at one point we were paying 10/= more per litre because of unnecessary demurrage charges occasioned by inefficiencies at the port. Add that to refining inefficiencies, pumping (hence fuel transportation by the more expensive road system) etc. and you will understand. What "regulation" does is simply pass these cost to the consumer! But the discussion might be too complicated for you.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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  | | Edit by user: Monday, November 03, 2014 11:57 AM | Reason: Not specified
muganda
#16 Posted : Monday, November 03, 2014 10:49:55 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
MaichBlack wrote:
shocks wrote:
jerry wrote:
shocks wrote:
how such threads get to 11 posts puzzles me

Enrich the thread!


There is nothing to say, everybody knows how the oil industry is regulated, the time lag btw. international prices and local prices, but you still find jobless corner complaints here

What people are question is the inefficiencies, corruption, the formula used etc.

Are you aware that at one point we were paying 10/= more per litre because of unnecessary demurrage charges occasioned by inefficiencies at the port. Add that to refining inefficiencies, pumping (hence fuel transportation by the more expensive road system) etc. and you will understand. What "regulation" does is simply pass these cost to the consumer! But the discussion might be too complicated for you.


BUT this time lag only appears (is clearly visible) when oil prices decrease - benefit to consumers is delayed.

Do we have tangible examples where murban crude oil prices increased, but due to time lag, the pump prices quoted in Kenya decreased due to old stock prices?
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whiteowl
#17 Posted : Monday, November 03, 2014 2:45:31 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
muganda wrote:
MaichBlack wrote:
shocks wrote:
jerry wrote:
shocks wrote:
how such threads get to 11 posts puzzles me

Enrich the thread!


There is nothing to say, everybody knows how the oil industry is regulated, the time lag btw. international prices and local prices, but you still find jobless corner complaints here

What people are question is the inefficiencies, corruption, the formula used etc.

Are you aware that at one point we were paying 10/= more per litre because of unnecessary demurrage charges occasioned by inefficiencies at the port. Add that to refining inefficiencies, pumping (hence fuel transportation by the more expensive road system) etc. and you will understand. What "regulation" does is simply pass these cost to the consumer! But the discussion might be too complicated for you.


BUT this time lag only appears (is clearly visible) when oil prices decrease - benefit to consumers is delayed.

Do we have tangible examples where murban crude oil prices increased, but due to time lag, the pump prices quoted in Kenya decreased due to old stock prices?


Never! These formulas, time lag and old stocks only apply one way.
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Swenani
#18 Posted : Tuesday, December 09, 2014 3:57:25 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
On monday, I expect the pump prices to be at sub 100,I have done an analysis and I think ERC is busy shafting us.

For the same period, May-Dec 2014, ERC prices have cumulatively droppedby a mere 7% while the world prices have cumulatively dropped by over 36%.For the world crude oil prices,I have taken the average daily prices to arrive at the corresponding ERC periods which runs from 15-14 of every month.

Month Pump Change
May-June 114.73
June-July 114.62 0%
July-Aug 115.86 1%
Aug-Sept 116.6 1%
Sept-Oct 111.64 -4%
Oct-Nov 110.89 -1%
Nov-Dec 106.8 -4%


Month World avg prices Change
May-June 103.28
June-July 104.64 1%
July-Aug 99.51 -5%
Aug-Sept 93.58 -6%
Sept-Oct 90.25 -4%
Oct-Nov 79.75 -12%
Nov-Dec 70.68 -11%

Todays crude oil prices are hovering around US $ 63.

I do not think the FX,refinery costs, and transportation costs are a major cause for the marginal drop in pump prices in Kenya
If Obiero did it, Who Am I?
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  | | Edit by user: Tuesday, December 09, 2014 4:03 PM | Reason: Not specified
kyt
#19 Posted : Tuesday, December 09, 2014 4:58:09 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
ERC are just shit
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rahatupu
#20 Posted : Tuesday, December 09, 2014 7:01:38 PM
Rank: Veteran

Joined: 12/4/2009
Posts: 1,982
Location: matano manne
kyt wrote:
ERC are just shit



Shafting left right and centre.


BTW does anyone understand why they don't regulate LPG?
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