McReggae wrote:shocks wrote:bird_man wrote:harrydre wrote:still high. crude has fallen over half!
ERC tries to give an explanation on Page 27 of the DN.
Basically:
International crude down by 57% but super petrol down by 20%. Reasons:
(1)Taxes & levies
(2)Distribution costs
(3)Supplier margins
On the above, add the fact that imports are $ based & its imported already refined.
plus the time lag aspect, this batch was bought using november prices
Hope when it starts going up prices will keep going down for at least two months!!!
Word!
That's the only way to prove they are not bullshitting us.
Two months straight with crude prices going up but pump prices in Kenya going down. waiting...
ION - ERC employees have started posting on this thread.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.