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Why I'm Still Paying 110/= Plus at the Pump
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Impunity
#171 Posted : Tuesday, April 14, 2015 6:12:58 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
sqft wrote:
Impunity wrote:
Mameongeza ngaphi leo?

d'oh! d'oh! d'oh!


Petrol down by Ksh 0.11.


USELESS KABISA.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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littledove
#172 Posted : Tuesday, April 14, 2015 6:32:55 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
The ERC announced that the price of super
petrol will decrease by Sh0.11 a litre across
the country for the next month, while diesel
will be Sh1.28 higher. Kerosene will increase
by Sh1.46 per litre.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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MaichBlack
#173 Posted : Tuesday, April 14, 2015 10:04:12 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
littledove wrote:
The ERC announced that the price of super
petrol will decrease by Sh0.11 a litre across
the country for the next month, while diesel
will be Sh1.28 higher. Kerosene will increase
by Sh1.46 per litre.

Brary Gaskets!!!
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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whiteowl
#174 Posted : Wednesday, April 15, 2015 8:04:07 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
This scenario is replayed in lots of other sectors. Maize supply: very high, maize flour price: very high. Only in Kenya.
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SittingPretty
#175 Posted : Wednesday, April 15, 2015 8:49:55 AM
Rank: Member

Joined: 2/16/2013
Posts: 123
Location: MSA
MaichBlack wrote:
littledove wrote:
The ERC announced that the price of super
petrol will decrease by Sh0.11 a litre across
the country for the next month, while diesel
will be Sh1.28 higher. Kerosene will increase
by Sh1.46 per litre.

Brary Gaskets!!!


@Maichblack I understand your vile it can be frustrating. But let me shed some light atleast with figures and not stories.
Using an example of Super petrol for the month of march.
Note that I have excluded any decimals
FOB= USD592/Mt
Premium/freight/insurance=USD26/MT
Port charges/KMA/Shipping/Inspection(SGS)=USD18/MT
Total landed cost(Mombasa)=USD636/MT
Usd rate Ksh92.5
Approx Landed Cost=Ksh43 per liter
Taxes = Ksh31 (+/-0.5)
Tax paid cost= Ksh74 per liter
Kenya Pipeline=Ksh3.7 per liter
Transport to station( Truck)= Ksh0.7 per liter
Station cost= Ksh78 per liter

Note:
1. OMC (eg Total/Vivo) has not paid salaries,office rent, depot fees, finance costs and other admin costs.
2. Station operator(mostly franchised) needs to also pay its bills, maintenance etc.

Lets assume the admin costs for the station and OMC is Ksh3 per liter each.
Station cost= Ksh78 per liter
Admin Cost= Ksh6 per liter
Total cost at station= Ksh84 per liter

Well ideally that should be the price at the station??? Fortunately this are not Non profit orgs.

ERC price for Nairobi is Ksh89.35
Profit= 89.35-84
= Ksh5.35
Now that has to be shared between the OMC and the station operator.
And of course GOK at the end of the year.

Hope this helps.
Disclaimer: I do not work for ERC or any GOK institution.
I am only have a few KK stocks.


Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Swenani
#176 Posted : Wednesday, April 15, 2015 9:04:46 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
SittingPretty wrote:
MaichBlack wrote:
littledove wrote:
The ERC announced that the price of super
petrol will decrease by Sh0.11 a litre across
the country for the next month, while diesel
will be Sh1.28 higher. Kerosene will increase
by Sh1.46 per litre.

Brary Gaskets!!!


@Maichblack I understand your vile it can be frustrating. But let me shed some light atleast with figures and not stories.
Using an example of Super petrol for the month of march.
Note that I have excluded any decimals
FOB= USD592/Mt
Premium/freight/insurance=USD26/MT
Port charges/KMA/Shipping/Inspection(SGS)=USD18/MT
Total landed cost(Mombasa)=USD636/MT
Usd rate Ksh92.5
Approx Landed Cost=Ksh43 per liter
Taxes = Kshs.29.42
Tax paid cost= Ksh72.42per liter
Distribution costs=Aprox 5 per liter(varies betwen 4.0-4.6) based on the last 6 months
Station cost= Ksh77.42 per liter
Margins(both wholesale and retailer)=11.18(this is fixed)
Demmurrage=Kshs.0.05

Retail price for Nairobi=Kshs 88.65

Note:
1. OMC (eg Total/Vivo) has not paid salaries,office rent, depot fees, finance costs and other admin costs.
2. Station operator(mostly franchised) needs to also pay its bills, maintenance etc.

Lets assume the admin costs for the station and OMC is Ksh3 per liter each.
Station cost= Ksh78 per liter
Admin Cost= Ksh6 per liter
Total cost at station= Ksh84 per liter

Well ideally that should be the price at the station??? Fortunately this are not Non profit orgs.

ERC price for Nairobi is Ksh89.35
Profit= 89.35-84
= Ksh5.35
Now that has to be shared between the OMC and the station operator.
And of course GOK at the end of the year.

Hope this helps.
Disclaimer: I do not work for ERC or any GOK institution.
I am only have a few KK stocks.



If Obiero did it, Who Am I?
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  | | Edit by user: Wednesday, April 15, 2015 9:06 AM | Reason: Not specified
majimaji
#177 Posted : Wednesday, April 15, 2015 9:13:03 AM
Rank: Veteran

Joined: 4/4/2007
Posts: 1,162
whiteowl wrote:
This scenario is replayed in lots of other sectors. Maize supply: very high, maize flour price: very high. Only in Kenya.


Does it mean we the consumers start milling our own posho?Pray
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whiteowl
#178 Posted : Wednesday, April 15, 2015 10:07:37 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
majimaji wrote:
whiteowl wrote:
This scenario is replayed in lots of other sectors. Maize supply: very high, maize flour price: very high. Only in Kenya.


Does it mean we the consumers start milling our own posho?Pray

Yes and refine your own crude. Also have dairy cows instead of buying processed milkLaughing out loudly
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Boris Boyka
#179 Posted : Wednesday, April 15, 2015 10:57:26 AM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Swenani wrote:
SittingPretty wrote:
MaichBlack wrote:
littledove wrote:
The ERC announced that the price of super
petrol will decrease by Sh0.11 a litre across
the country for the next month, while diesel
will be Sh1.28 higher. Kerosene will increase
by Sh1.46 per litre.

Brary Gaskets!!!


@Maichblack I understand your vile it can be frustrating. But let me shed some light atleast with figures and not stories.
Using an example of Super petrol for the month of march.
Note that I have excluded any decimals
FOB= USD592/Mt
Premium/freight/insurance=USD26/MT
Port charges/KMA/Shipping/Inspection(SGS)=USD18/MT
Total landed cost(Mombasa)=USD636/MT
Usd rate Ksh92.5
Approx Landed Cost=Ksh43 per liter
Taxes = Kshs.29.42
Tax paid cost= Ksh72.42per liter
Distribution costs=Aprox 5 per liter(varies betwen 4.0-4.6) based on the last 6 months
Station cost= Ksh77.42 per liter
Margins(both wholesale and retailer)=11.18(this is fixed)
Demmurrage=Kshs.0.05

Retail price for Nairobi=Kshs 88.65

Note:
1. OMC (eg Total/Vivo) has not paid salaries,office rent, depot fees, finance costs and other admin costs.
2. Station operator(mostly franchised) needs to also pay its bills, maintenance etc.

Lets assume the admin costs for the station and OMC is Ksh3 per liter each.
Station cost= Ksh78 per liter
Admin Cost= Ksh6 per liter
Total cost at station= Ksh84 per liter

Well ideally that should be the price at the station??? Fortunately this are not Non profit orgs.

ERC price for Nairobi is Ksh89.35
Profit= 89.35-84
= Ksh5.35
Now that has to be shared between the OMC and the station operator.
And of course GOK at the end of the year.

Hope this helps.
Disclaimer: I do not work for ERC or any GOK institution.
I am only have a few KK stocks.




@ sitting pretty it helps. you work for one of those entities along that chainsmile
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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derick
#180 Posted : Wednesday, April 15, 2015 11:33:36 AM
Rank: Member

Joined: 1/10/2015
Posts: 411
whiteowl wrote:
majimaji wrote:
whiteowl wrote:
This scenario is replayed in lots of other sectors. Maize supply: very high, maize flour price: very high. Only in Kenya.


Does it mean we the consumers start milling our own posho?Pray

Yes and refine your own crude. Also have dairy cows instead of buying processed milkLaughing out loudly

Laughing out loudly Laughing out loudly Laughing out loudly
Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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