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Why I'm Still Paying 110/= Plus at the Pump
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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High prices, low margins are back. Only upstream (exploration and development) companies make money. Time to exit KK is today, if you missed yesterday. Life is short. Live passionately.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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sparkly wrote:High prices, low margins are back. Only upstream (exploration and development) companies make money.
Time to exit KK is today, if you missed yesterday. I await @VVS appraisal...then I will or will not move. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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sparkly wrote:High prices, low margins are back. Only upstream (exploration and development) companies make money.
Time to exit KK is today, if you missed yesterday. I thought ERC pricing formuale has a fixed minimum retailers and wholesalers margins? If Obiero did it, Who Am I?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Swenani wrote:sparkly wrote:High prices, low margins are back. Only upstream (exploration and development) companies make money.
Time to exit KK is today, if you missed yesterday. I thought ERC pricing formuale has a fixed minimum retailers and wholesalers margins? Mark-up is fixed per Unit (litre) of Petroleum sold. With higher petroleum costs the margin per unit sold (in KShs) shrinks hence the need to sell more units to cover costs. Working Capital finance also increases. Life is short. Live passionately.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Quickly headed back to the 110 bob a liter. TANO TENA. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 5/6/2008 Posts: 199
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 And then add VAT
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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tandich wrote:And then add VAT VAT won't be charged on the final price.It will be charged on the intermediate to ease the burden. Similar to the way it's charged on the Electricity bill. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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VAT will be on the landed cost which for the month of february translates to sh.8.56 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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[quote=tandich] Kenya Pipeline has a 61 billion scandal.Coincidence?
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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whiteowl wrote:[quote=tandich] Kenya Pipeline has a 61 billion scandal.Coincidence? What do you expect in firms headed by arap Singh people Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Quote:Motorists in Nairobi will for the next one month pay Sh104.21 for a litre of petrol, down by Sh9.33 from Sh113.54 they had been paying since December 14. The cost of a litre of diesel has fallen by Sh10.04, to retail at Sh102.24.
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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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Lolest! wrote:Quote:Motorists in Nairobi will for the next one month pay Sh104.21 for a litre of petrol, down by Sh9.33 from Sh113.54 they had been paying since December 14. The cost of a litre of diesel has fallen by Sh10.04, to retail at Sh102.24. Lucky Kenyans. Litre of petrol is selling at US$ 3.50 in Harare and the shortest queue is 3Km long. Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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kaka2za wrote:Lolest! wrote:Quote:Motorists in Nairobi will for the next one month pay Sh104.21 for a litre of petrol, down by Sh9.33 from Sh113.54 they had been paying since December 14. The cost of a litre of diesel has fallen by Sh10.04, to retail at Sh102.24. Lucky Kenyans. Litre of petrol is selling at US$ 3.50 in Harare and the shortest queue is 3Km long. When I bought my first car in 2003, I was paying 54 bob per litre. Seems petrol price has doubled in the last 15yrs. That said it is nice to see a price decrease. Even POTUS is quite happy with the low prices.
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Rank: Member Joined: 11/17/2009 Posts: 398 Location: Where everyone knows you
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When I bought my first car,in 1969, a Triumph herald with 15K miles on the clock, petrol was KES 4.50 per GALLON !!!!!
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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MatataMingi wrote:When I bought my first car,in 1969, a Triumph herald with 15K miles on the clock, petrol was KES 4.50 per GALLON !!!!! Nyasaye! If Obiero did it, Who Am I?
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Swenani wrote:MatataMingi wrote:When I bought my first car,in 1969, a Triumph herald with 15K miles on the clock, petrol was KES 4.50 per GALLON !!!!! Nyasaye!  
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Lolest! wrote:Swenani wrote:MatataMingi wrote:When I bought my first car,in 1969, a Triumph herald with 15K miles on the clock, petrol was KES 4.50 per GALLON !!!!! Nyasaye! He has a rich driving history. Those cars had character unlike today's mitumbas. 
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Now kerosene is more expensive than diesel...did fuel adulteration stopped now? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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. "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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Why I'm Still Paying 110/= Plus at the Pump
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