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Why I'm Still Paying 110/= Plus at the Pump
MaichBlack
#181 Posted : Tuesday, May 12, 2015 4:45:51 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,452
Mafuta imefichwo!!!

Today I had to go to five petrol stations before I got one with fuel! Ukipatana na petrol station iko na fuel, jaza tank!!!

I understand some cartels have taken most of the fuel storage space and are waiting for fuel prices to rise [probably on Thursday(?)]. The fine for late collection is not deterrent enough! Genuine dealers have nowhere to store their fuel. There might be supply disruptions till Saturday! Watu wajipange!!!

System ya majambazi!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Gadaffi
#182 Posted : Tuesday, May 12, 2015 5:42:26 PM
Rank: Member


Joined: 2/13/2011
Posts: 284
Location: Nairobi
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.
MaichBlack
#183 Posted : Tuesday, May 12, 2015 6:16:45 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,452
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Impunity
#184 Posted : Wednesday, May 13, 2015 6:53:05 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
MaichBlack wrote:
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!


They should sell us the last stock for like a week after the announcement.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

MaichBlack
#185 Posted : Wednesday, May 13, 2015 10:16:45 AM
Rank: Elder


Joined: 7/22/2009
Posts: 7,452
Cartels at Work!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Sober
#186 Posted : Wednesday, May 13, 2015 12:19:13 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Impunity wrote:
MaichBlack wrote:
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!


They should sell us the last stock for like a week after the announcement.


It seems the increment will be big, to warrant hoarding of the stock for a couple of days. Most of the stations have Diesel available meaning not much change is expected from it.d'oh!
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
MaichBlack
#187 Posted : Wednesday, May 13, 2015 12:46:24 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,452
Sober wrote:
Impunity wrote:
MaichBlack wrote:
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!


They should sell us the last stock for like a week after the announcement.


It seems the increment will be big, to warrant hoarding of the stock for a couple of days. Most of the stations have Diesel available meaning not much change is expected from it.d'oh!

Big companies are not hoarding. Their supply chain has been affected because they have been pushed out by some connected fellows who have taken up most of the storage space. And I doubt they will be paying for late collection either!!!

And of course these bloody fellows know exactly what the new price will be. They must have paid for the info.!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
maka
#188 Posted : Wednesday, May 13, 2015 1:31:29 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
MaichBlack wrote:
Sober wrote:
Impunity wrote:
MaichBlack wrote:
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!


They should sell us the last stock for like a week after the announcement.


It seems the increment will be big, to warrant hoarding of the stock for a couple of days. Most of the stations have Diesel available meaning not much change is expected from it.d'oh!

Big companies are not hoarding. Their supply chain has been affected because they have been pushed out by some connected fellows who have taken up most of the storage space. And I doubt they will be paying for late collection either!!!

And of course these bloody fellows know exactly what the new price will be. They must have paid for the info.!


Kenya for you...
possunt quia posse videntur
SittingPretty
#189 Posted : Wednesday, May 13, 2015 1:41:37 PM
Rank: Member


Joined: 2/16/2013
Posts: 123
Location: MSA
MaichBlack wrote:
Sober wrote:
Impunity wrote:
MaichBlack wrote:
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!


They should sell us the last stock for like a week after the announcement.


It seems the increment will be big, to warrant hoarding of the stock for a couple of days. Most of the stations have Diesel available meaning not much change is expected from it.d'oh!

Big companies are not hoarding. Their supply chain has been affected because they have been pushed out by some connected fellows who have taken up most of the storage space. And I doubt they will be paying for late collection either!!!

And of course these bloody fellows know exactly what the new price will be. They must have paid for the info.!

@MaichBlack. Don't believe everything that is written in the press(Its never the gospel truth). Please ask yourself, how comes its only issues raised by one oil marketer are printed in a particular daily. You think they are victims? Really? How comes KPC's response refuting the alleged clogging and stockouts has not been highlighted in the same daily. For that matter the same OMC was given extra allocations last month through a special order that has distorted the normal delivery plan.
How about crying wolf early to pose as the victim, fabricate a crises and institute change that favours you.
I am also sure you have been given an option to use that high performance fuel that costs higher (for your info its just normal fuel with additives). Yes its a dirty business.
Disclaimer: I do not work for KPC, KK, MOEP or ERC. I am just exasperated by this one particular OMC misleading the public.
Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
maka
#190 Posted : Wednesday, May 13, 2015 1:43:21 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
SittingPretty wrote:
MaichBlack wrote:
Sober wrote:
Impunity wrote:
MaichBlack wrote:
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!


They should sell us the last stock for like a week after the announcement.


It seems the increment will be big, to warrant hoarding of the stock for a couple of days. Most of the stations have Diesel available meaning not much change is expected from it.d'oh!

Big companies are not hoarding. Their supply chain has been affected because they have been pushed out by some connected fellows who have taken up most of the storage space. And I doubt they will be paying for late collection either!!!

And of course these bloody fellows know exactly what the new price will be. They must have paid for the info.!

@MaichBlack. Don't believe everything that is written in the press(Its never the gospel truth). Please ask yourself, how comes its only issues raised by one oil marketer are printed in a particular daily. You think they are victims? Really? How comes KPC's response refuting the alleged clogging and stockouts has not been highlighted in the same daily. For that matter the same OMC was given extra allocations last month through a special order that has distorted the normal delivery plan.
How about crying wolf early to pose as the victim, fabricate a crises and institute change that favours you.
I am also sure you have been given an option to use that high performance fuel that costs higher (for your info its just normal fuel with additives). Yes its a dirty business.
Disclaimer: I do not work for KPC, KK, MOEP or ERC. I am just exasperated by this one particular OMC misleading the public.


Vivo....
possunt quia posse videntur
MaichBlack
#191 Posted : Wednesday, May 13, 2015 2:07:29 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,452
@SittingPretty - Read this....

Quote:
The PIEA has warned that consumers could be staring at acute fuel shortages as a cartel of oil dealers stockpile petroleum in anticipation of a demand surge to inflate prices.
“We have been suffering intermittent stock-outs caused by weird sharing of storage capacity in the pipeline,” PIEA chairman Polycarp Igathe said, adding that the supply shortage has occurred even as dealers with small market share continue to sit on large stocks at the depot.
Mr Igathe said most of the small companies had held onto their
stocks since January when fuel prices dropped by the largest
margin in four years and appeared to be waiting for prices to
recover.
The creeping fuel shortage arises from the fact that the speculative
companies have been allocated fuel but delayed to pick up their
stock, clogging up the Mombasa port facilities and preventing the
big marketers from taking their share of the storage.
The stockpiling has hit the large marketers hard, leaving most of
their retail stations without fuel....
.........
Mr Igathe says in a circular that the speculators seem to have the
blessing of the KPC and the Energy ministry since the officials have
continued to allocate oil stock to the firms despite failure to pick it
up.
The Energy Regulatory Commission (ERC) acknowledged the existence of underhand dealings to skew the market but sought to
dissociate itself from the shadowy ring, promising to take action.
“There is a problem, that is why we are monitoring the market
closely to contain the speculation early enough,” said Edward
Kinyua, a senior manager (petroleum) at the ERC.
Mr Kinyua said that the energy regulator had received reports of
several firms speculating for higher returns
, especially in the
neighbouring Uganda and Rwanda markets.
“They (speculators) are probably anticipating a steep rise in fuel
prices, especially in the transit market,” he said.


Mr. Igathe might be biased but are ERC biased to the level of implicating themselves?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#192 Posted : Wednesday, May 13, 2015 2:13:49 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,452
Quote:
Ideally, ullage allocation should be pegged on how fast a firm
evacuates fuel for sale — meaning the faster the picking up of the oil
stock, the larger the ullage share.
But marketers have protested that this principle is being overlooked
and that smaller firms are unjustifiably allotted higher ullage despite
lacking marketing infrastructure.
Between May and June, for instance, Total with the largest market
share of 20 per cent was allocated 32.1 million litres of super petrol,
Vivo (19.1 per cent) 24.9 million and KenolKobil with 13.2 per cent
of market 10.7 million litres.
But little-known players like Tosha and Banoda got relatively higher
allocation of 5.4 million litres and 3.1 million respectively despite
controlling a tiny market share of 0.4 per cent each.


@SittingPretty - I know you work in the oil industry. which company do you work for? Tosha or Banoda?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
whiteowl
#193 Posted : Wednesday, May 13, 2015 2:48:36 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
MaichBlack wrote:
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!

8/= multiply by the number of litres they're hoarding.
Jimmy Boy
#194 Posted : Thursday, May 14, 2015 12:44:57 PM
Rank: New-farer


Joined: 7/17/2014
Posts: 15
Location: Geneva
Fuel is expected to go up by between ksh 2 and 3 per liter....
Regards,
Jimmy Boy
mlennyma
#195 Posted : Thursday, May 14, 2015 12:59:31 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Who has the power to know whether I sold my fuel stocks or not,let companies make money as we go up.
"Don't let the fear of losing be greater than the excitement of winning."
Pesa Nane
#196 Posted : Thursday, May 14, 2015 1:04:33 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
MaichBlack wrote:
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!

Petrol up Ksh. 3.54
Diesel up Ksh. 1.86
Kerosene up Ksh. 2.83
Pesa Nane plans to be shilingi when he grows up.
maka
#197 Posted : Thursday, May 14, 2015 1:17:11 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
MaichBlack wrote:
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!

Petrol up Ksh. 3.54
Diesel up Ksh. 1.86
Kerosene up Ksh. 2.83


Good not as much...Pray
possunt quia posse videntur
mlennyma
#198 Posted : Thursday, May 14, 2015 1:26:41 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
maka wrote:
Pesa Nane wrote:
MaichBlack wrote:
Gadaffi wrote:
One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.

I am guessing a 5/= to 10/= increase per litre of petrol!

I am hoping not but my inner voice is telling me that is exactly what is going to happen!

Petrol up Ksh. 3.54
Diesel up Ksh. 1.86
Kerosene up Ksh. 2.83


Good not as much...Pray

this is very good,add this to the profit margin which was already there.
"Don't let the fear of losing be greater than the excitement of winning."
FRM2011
#199 Posted : Tuesday, July 14, 2015 11:03:57 AM
Rank: Elder


Joined: 11/5/2010
Posts: 2,459
News just in is that the Iran Nuclear deal has finally been inked.

Most analysts are predicting a further slide in crude oil prices once Iran gets back into the international supply chain.

How much lower are we likely to see ? $20/barrel. And what does that mean for the new countries just about to join the league of oil exporters i.e. Uganda, Kenya e.t.c.
TheGeek
#200 Posted : Tuesday, July 14, 2015 6:47:52 PM
Rank: Member


Joined: 7/3/2014
Posts: 245
A litre of petrol has increased by Sh1.31 to retail at Sh98.59 in Nairobi, diesel has gone up by Sh1.25 to Sh84.56 while kerosene has increased marginally by 96 cents to sell at Sh62.74.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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