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Why I'm Still Paying 110/= Plus at the Pump
Rank: Elder Joined: 7/22/2009 Posts: 7,452
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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.
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Rank: Member Joined: 2/13/2011 Posts: 284 Location: Nairobi
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One thing looks certain; there will b a major increase in fuel prices to warrant such hoarding.
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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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.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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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.
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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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.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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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. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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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. 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.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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. 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
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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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. 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
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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. 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
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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@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.
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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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.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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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.
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Rank: New-farer Joined: 7/17/2014 Posts: 15 Location: Geneva
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Fuel is expected to go up by between ksh 2 and 3 per liter.... Regards, Jimmy Boy
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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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."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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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.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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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... possunt quia posse videntur
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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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... 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."
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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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.
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Rank: Member Joined: 7/3/2014 Posts: 245
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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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