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Shares hardest hit by price controls
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mukiha wrote:If I were President, I'd sign the bill to avoid being held hostage by the MPs. Then I'd instruct my Finance Minister to set the maximum prices extremely high, eg., Sh1,000 per kg of Unga &sh5,000 per lit of petrol.
That way, traders will have the freedom to sell at whatever they wish... as long as the market supports the price. @mukiha i very much disagree with this plan because it costs alot of time and money to pass legislation but it makes no sense to make fuel 5000per litre if there is absolutely no possibility of it getting there Price control legislation whether maximum or minimum is not done for the sake of it but with the view of protecting consumers and producers from actual risks... Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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@guru is right... the MPs are playing politics... Populism... expect where their salaries, taxes & perks are involved... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 11/13/2015 Posts: 1,654
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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[quote=wukan] Quote:The cost of petroleum products is expected to jump by large margins as the government removes controls that have seen the Ministry of Energy set retail prices every month. Energy secretary Charles Keter said the price controls regime, which was established seven years ago, had run its course and needs to be retired.
The controls were introduced in December 2010 to protect consumers from high retail prices that were blamed on cartel-like behaviour among marketers. “We have seen efficiency and discipline return to the petroleum market and the government has no business to continue dictating prices,” said Mr Keter.  http://www.businessdaily...25820-ldl3i3/index.html[/quote] Is this really the best time? possunt quia posse videntur
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Rank: Member Joined: 2/20/2015 Posts: 468 Location: Nairobi
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maka wrote:[quote=wukan] Quote:The cost of petroleum products is expected to jump by large margins as the government removes controls that have seen the Ministry of Energy set retail prices every month. Energy secretary Charles Keter said the price controls regime, which was established seven years ago, had run its course and needs to be retired.
The controls were introduced in December 2010 to protect consumers from high retail prices that were blamed on cartel-like behaviour among marketers. “We have seen efficiency and discipline return to the petroleum market and the government has no business to continue dictating prices,” said Mr Keter. http://www.businessdaily...25820-ldl3i3/index.html[/quote] Is this really the best time? Barring risk of adulterated fuel, people will flock to Somali owned petrol stations which guaranteed will be few shillings cheaper than Total,Kenol Kobil, Shell.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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kawi254 wrote:maka wrote:[quote=wukan] Quote:The cost of petroleum products is expected to jump by large margins as the government removes controls that have seen the Ministry of Energy set retail prices every month. Energy secretary Charles Keter said the price controls regime, which was established seven years ago, had run its course and needs to be retired.
The controls were introduced in December 2010 to protect consumers from high retail prices that were blamed on cartel-like behaviour among marketers. “We have seen efficiency and discipline return to the petroleum market and the government has no business to continue dictating prices,” said Mr Keter. http://www.businessdaily...25820-ldl3i3/index.html[/quote] Is this really the best time? Barring risk of adulterated fuel, people will flock to Somali owned petrol stations which guaranteed will be few shillings cheaper than Total,Kenol Kobil, Shell. We wont see prices huko 108? possunt quia posse videntur
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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[quote=wukan] Quote:The cost of petroleum products is expected to jump by large margins as the government removes controls that have seen the Ministry of Energy set retail prices every month. Energy secretary Charles Keter said the price controls regime, which was established seven years ago, had run its course and needs to be retired.
The controls were introduced in December 2010 to protect consumers from high retail prices that were blamed on cartel-like behaviour among marketers. “We have seen efficiency and discipline return to the petroleum market and the government has no business to continue dictating prices,” said Mr Keter. http://www.businessdaily...25820-ldl3i3/index.html[/quote] the oil stocks will rally hard "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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mlennyma wrote:[quote=wukan] Quote:The cost of petroleum products is expected to jump by large margins as the government removes controls that have seen the Ministry of Energy set retail prices every month. Energy secretary Charles Keter said the price controls regime, which was established seven years ago, had run its course and needs to be retired.
The controls were introduced in December 2010 to protect consumers from high retail prices that were blamed on cartel-like behaviour among marketers. “We have seen efficiency and discipline return to the petroleum market and the government has no business to continue dictating prices,” said Mr Keter. http://www.businessdaily...25820-ldl3i3/index.html[/quote] the oil stocks will rally hard The price controls have hurt the small players and the big players have really benefitted. Kenol Kobil and Total profits have skyrocketed Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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[quote=wukan] Quote:The cost of petroleum products is expected to jump by large margins as the government removes controls that have seen the Ministry of Energy set retail prices every month. Energy secretary Charles Keter said the price controls regime, which was established seven years ago, had run its course and needs to be retired.
The controls were introduced in December 2010 to protect consumers from high retail prices that were blamed on cartel-like behaviour among marketers. “We have seen efficiency and discipline return to the petroleum market and the government has no business to continue dictating prices,” said Mr Keter. http://www.businessdaily...25820-ldl3i3/index.html[/quote] Finally, a step in the right direction. I was worried KE was becoming doggedly anti free market with controls being instituted all over the place. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 3/10/2009 Posts: 36
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lochaz-index wrote:[quote=wukan] Quote:The cost of petroleum products is expected to jump by large margins as the government removes controls that have seen the Ministry of Energy set retail prices every month. Energy secretary Charles Keter said the price controls regime, which was established seven years ago, had run its course and needs to be retired.
The controls were introduced in December 2010 to protect consumers from high retail prices that were blamed on cartel-like behaviour among marketers. “We have seen efficiency and discipline return to the petroleum market and the government has no business to continue dictating prices,” said Mr Keter. http://www.businessdaily...25820-ldl3i3/index.html[/quote] Finally, a step in the right direction. I was worried KE was becoming doggedly anti free market with controls being instituted all over the place. I concur with you. This is an indication that the current gova might do away with the rate caps sooner than later. Let us get over this elections and focus on economic activities that have stalled for a while.
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