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Why I'm Still Paying 110/= Plus at the Pump
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streetwise
#151 Posted : Wednesday, March 18, 2015 6:09:06 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
So let me ask as the world crude oil prices are falling are those for refined oil going up and why ( no need for a formula), could it be that electricity in the refining country has gone up ??? this is what ERC needs to answer.
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MaichBlack
#152 Posted : Wednesday, March 18, 2015 7:24:01 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,912
streetwise wrote:
So let me ask as the world crude oil prices are falling are those for refined oil going up and why ( no need for a formula), could it be that electricity in the refining country has gone up ??? this is what ERC needs to answer.

ERC never quotes external factors.

Every time they give some internal bull crap story!!!
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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Swenani
#153 Posted : Wednesday, March 18, 2015 7:31:17 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
streetwise wrote:
So let me ask as the world crude oil prices are falling are those for refined oil going up and why ( no need for a formula), could it be that electricity in the refining country has gone up ??? this is what ERC needs to answer.


Ask the two ERC employees above post #151
If Obiero did it, Who Am I?
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itz
#154 Posted : Wednesday, March 18, 2015 8:16:50 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
Jimmy Boy wrote:
The pricing mechanisim used by the ERC is very transparent and fair I do not see anything sinister.

Furthermore the same parameters that were used to decrease the pump prices are the same that were used to increase the same.
The problem we have here is that both the media and world bank and many Kenyas alike are using the Brent Crude prices as a benchmark to evaluate the Kenyan pump prices. Wch is fundamentaly wrong!!
The ONLY benchmark or reference that should be applied is the PLATTS Market Scan for finished white oils which is published daily in the international markets.

Kenya stopped refining crude oil in 2012 and all our fuel needs are imported from the international markets.


jimmy boy i totally agree with you.i was surprised seeing Vimal Shah going on and on about why ERC raised prices on twitter.It is amazing a person of his caliber completely ignores the facts or refuses to just dig deeper and find out why prices are where they are.Even the Kenyan media is too lazy to report that we import refined oil so we don't have the benefit of prices dropping like they did back in 09 when the mombasa refinery was still working and could accommodate crude oil imports.Kenya is too broke or corrupt or fiscally inefficient to build a 21st century refinery.
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murchr
#155 Posted : Wednesday, March 18, 2015 10:08:27 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
itz wrote:
Jimmy Boy wrote:
The pricing mechanisim used by the ERC is very transparent and fair I do not see anything sinister.

Furthermore the same parameters that were used to decrease the pump prices are the same that were used to increase the same.
The problem we have here is that both the media and world bank and many Kenyas alike are using the Brent Crude prices as a benchmark to evaluate the Kenyan pump prices. Wch is fundamentaly wrong!!
The ONLY benchmark or reference that should be applied is the PLATTS Market Scan for finished white oils which is published daily in the international markets.

Kenya stopped refining crude oil in 2012 and all our fuel needs are imported from the international markets.


jimmy boy i totally agree with you.i was surprised seeing Vimal Shah going on and on about why ERC raised prices on twitter.It is amazing a person of his caliber completely ignores the facts or refuses to just dig deeper and find out why prices are where they are.Even the Kenyan media is too lazy to report that we import refined oil so we don't have the benefit of prices dropping like they did back in 09 when the mombasa refinery was still working and could accommodate crude oil imports.Kenya is too broke or corrupt or fiscally inefficient to build a 21st century refinery.


Exactly, Kenyans are so prone to mob psychology, sometimes its painful to watch
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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MaichBlack
#156 Posted : Wednesday, March 18, 2015 10:17:25 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,912
Can the geniuses kindly post the prices for December, January and February. While at it, provide a link to verify your values and tell us which month's price we were using in February and which month's prices we are using in March.

We know what we know but apparently we might be wrong.

Now give us figures. Sio sijui media ooh, Kenyans ooh. Bla bla bla...

Figures and we interrogate them. Simple!
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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Swenani
#157 Posted : Wednesday, March 18, 2015 11:26:09 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
MaichBlack wrote:
Can the geniuses kindly post the prices for December, January and February. While at it, provide a link to verify your values and tell us which month's price we were using in February and which month's prices we are using in March.

We know what we know but apparently we might be wrong.

Now give us figures. Sio sijui media ooh, Kenyans ooh. Bla bla bla...

Figures and we interrogate them. Simple!


while at it,can they also confirm a rumour that it was cheaper to import refined oil than import and refine crude oil at KPRL
If Obiero did it, Who Am I?
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murchr
#158 Posted : Wednesday, March 18, 2015 11:28:07 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
MaichBlack wrote:
Can the geniuses kindly post the prices for December, January and February. While at it, provide a link to verify your values and tell us which month's price we were using in February and which month's prices we are using in March.

We know what we know but apparently we might be wrong.

Now give us figures. Sio sijui media ooh, Kenyans ooh. Bla bla bla...

Figures and we interrogate them. Simple!


Why not make google your friend. Even the countries who refine their oil, have seen a price increase. Do your research
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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MaichBlack
#159 Posted : Thursday, March 19, 2015 12:53:31 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,912
murchr wrote:
MaichBlack wrote:
Can the geniuses kindly post the prices for December, January and February. While at it, provide a link to verify your values and tell us which month's price we were using in February and which month's prices we are using in March.

We know what we know but apparently we might be wrong.

Now give us figures. Sio sijui media ooh, Kenyans ooh. Bla bla bla...

Figures and we interrogate them. Simple!


Why not make google your friend. Even the countries who refine their oil, have seen a price increase. Do your research

So people payuka and then I Google on their behalf???

If someone cannot support what they are saying, they should shut up!!
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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murchr
#160 Posted : Thursday, March 19, 2015 6:27:08 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
MaichBlack wrote:
murchr wrote:
MaichBlack wrote:
Can the geniuses kindly post the prices for December, January and February. While at it, provide a link to verify your values and tell us which month's price we were using in February and which month's prices we are using in March.

We know what we know but apparently we might be wrong.

Now give us figures. Sio sijui media ooh, Kenyans ooh. Bla bla bla...

Figures and we interrogate them. Simple!


Why not make google your friend. Even the countries who refine their oil, have seen a price increase. Do your research

So people payuka and then I Google on their behalf???

If someone cannot support what they are saying, they should shut up!!


Aren't you the one asking for prices/figures?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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