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Why I'm Still Paying 110/= Plus at the Pump
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washiku
#41 Posted : Sunday, December 14, 2014 6:45:17 PM
Rank: Chief

Joined: 5/9/2007
Posts: 13,095
Why do I have a feeling that if these prices were left to the market forces there could be a possibility of the prices being lower, at least in some areas?

http://www.businessdaily.../-/131s86xz/-/index.html
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hisah
#42 Posted : Sunday, December 14, 2014 6:47:10 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Oil pump prices are the 8th wonder in the world in the way they defy any oil price crash period. Back in 2008 as GFC smashed oil prices the same thing happened. Pump prices simply defied the spectacular price crash.

Same headlines are starting to pop up globally as consumers wonder why pump prices are not reflecting the spectacular fall yet again.

But somehow when oil prices start to spike, pump prices rise as fast as the price rally!!! The crude cartel phenomenon d'oh! Liar

Click on the links below.

Labour demands inquiry into cost of fuel as millions continue to be ripped off

Crude oil prices not yet reflected at pumps

Petrol prices not falling fast enough: AA says they don't reflect reductions in oil cost

Retailers under pump as prices fall
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Sunday, December 14, 2014 6:50 PM | Reason: Not specified
jerry
#43 Posted : Sunday, December 14, 2014 9:14:47 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
[quote=washiku]Why do I have a feeling that if these prices were left to the market forces there could be a possibility of the prices being lower, at least in some areas?

http://www.businessdaily...-/131s86xz/-/index.html[/quote]
They say only 60% of the price is crude price dependent! The rest i.e 40% is taxes, levies...
The opposite of courage is not cowardice, it's conformity.
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dunkang
#44 Posted : Monday, December 15, 2014 5:40:27 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
washiku wrote:
Why do I have a feeling that if these prices were left to the market forces there could be a possibility of the prices being lower, at least in some areas?

http://www.businessdaily...-/131s86xz/-/index.html

The crude prices are at May 2009 prices. What was the price of diesel and petrol in Kenya in say August 2009? 73/- to 85/-? Someone is making billions here.

Am buying more and more and more KK and Total (k) this Monday morning.
Receive with simplicity everything that happens to you.” ― Rashi

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knight260
#45 Posted : Monday, December 15, 2014 9:02:09 AM
Rank: New-farer

Joined: 12/11/2014
Posts: 16
Someone asked about the duty we pay per litre on fuel. Anyone with an idea?
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2012
#46 Posted : Monday, December 15, 2014 11:58:42 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Today Shell will make a killing!
These guys are only selling V-power, which is not regulated by ERC as 'unleaded is finished?'.
ERC should investigate if what that are doing is fair or anti-competition.

BBI will solve it :)
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Obi 1 Kanobi
#47 Posted : Monday, December 15, 2014 12:23:21 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
jerry wrote:
[quote=washiku]Why do I have a feeling that if these prices were left to the market forces there could be a possibility of the prices being lower, at least in some areas?

http://www.businessdaily...-/131s86xz/-/index.html[/quote]

They say only 60% of the price is crude price dependent! The rest i.e 40% is taxes, levies...

@jerry. The taxes referred to here are a % age of the oil price so thats not a good enough reason

Secondly, it is irrelevant whether we buy crude or processed fuel. They are 1 and the same thing and react in the same way to market forces.

Someone at erc is eating big. I saw the photo of the director general in todays nation sweating from over feeding
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Swenani
#48 Posted : Monday, December 15, 2014 12:41:32 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
knight260 wrote:
Someone asked about the duty we pay per litre on fuel. Anyone with an idea?


1.Excise duty Kshs.19.895 per litre
2.Road maintainence levy Kshs.9 per litre
3.Petroleum regulatory levy Kshs.0.05 perlitre
4.Petroleum development levy Ksh.0.40 per litre
5.Remission kshs.0.45 per litre
Others
1.IDF 2.25% of the value of import
2.Railway development levy 1.5% of the value of import
If Obiero did it, Who Am I?
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jerry
#49 Posted : Monday, December 15, 2014 1:49:06 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Swenani wrote:
knight260 wrote:
Someone asked about the duty we pay per litre on fuel. Anyone with an idea?


1.Excise duty Kshs.19.895 per litre
2.Road maintainence levy Kshs.9 per litre
3.Petroleum regulatory levy Kshs.0.05 perlitre
4.Petroleum development levy Ksh.0.40 per litre
5.Remission kshs.0.45 per litre
Others
1.IDF 2.25% of the value of import
2.Railway development levy 1.5% of the value of import

1 to 5 totals to KSh 29.795.
The opposite of courage is not cowardice, it's conformity.
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Consulting_EAT
#50 Posted : Monday, December 15, 2014 5:44:04 PM
Rank: New-farer

Joined: 7/1/2014
Posts: 12
For retail site, the price for Super Petrol, Regular Petrol, Kerosene, and Automotive Diesel is set in accordance with the following formula:

Pr=Pw+mr+z

Where: -

Pr = the maximum retail price of Super Petrol, Regular Petrol, Kerosene, or Automotive Diesel applicable in shillings per liter,

Pw = the maximum wholesale price for Petrol, Regular Petrol, Kerosene, or Automotive Diesel

mr = the allowable maximum retail gross margin as set,

z = the delivery rate from the nearest wholesale depot to a retail dispensing site in shillings per liter as determined.

..............
Mr is fixed at KShs 3 per litre. Therefore in a falling costs environment, the Margin as a percentage of costs rises.

The Marketers are quietly making a killing.
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