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Why I'm Still Paying 110/= Plus at the Pump
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lochaz-index
#211 Posted : Thursday, November 12, 2015 9:15:51 AM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
lochaz-index wrote:
hisah wrote:
Impunity wrote:
What is the Brent trading?
We are still being mioked.

KES is very weak. You should be greatful that the hydrocarbons are stuck in a bear since 2014. Otherwise KE would have been facing nasty hydrocarbon inflation with a dead economy! NSE would be in the dustbin sub 3000 and the money market would have been screaming above 30% to guard against that nasty inflation spike.

Be grateful bwana smile


The hydrocarbon bear run cannot last another two years from now. Something will have to give. This fracking business funded by cheap credit(QE) can't hold up on low prices for long.
Large oil producing countries are on the ropes currently liquidating their SWF's to fund government deficits. Either they cut back on supply or they bite the dust.



http://www.bloomberg.com...-seen-lasting-into-2016

Tic toc goes the clock on this game of chicken. Fracking industry almost completely under water. We get to see who blinks first.
The main purpose of the stock market is to make fools of as many people as possible.
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  | | Edit by user: Thursday, November 12, 2015 9:17 AM | Reason: Not specified
jerry
#212 Posted : Thursday, November 12, 2015 12:34:14 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Impunity wrote:
whiteowl wrote:
With the price drop inflation will stay at the 5% range while interest rates are past 20%.Only in Kenya


Strange!

So which way do we expect fuel prices to head come 15/11/15?
The opposite of courage is not cowardice, it's conformity.
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whiteowl
#213 Posted : Thursday, November 12, 2015 2:00:33 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
jerry wrote:
Impunity wrote:
whiteowl wrote:
With the price drop inflation will stay at the 5% range while interest rates are past 20%.Only in Kenya


Strange!

So which way do we expect fuel prices to head come 15/11/15?


Iran will bring in extra output after that nuclear deal so anyone on the wrong end of this oil bear should sit tight. Also there are guys who have very low production costs in some wells like the Saudis($2 to $10/barrel) so they dont care if the bear continues coz it kills competition and when bulls return they'll be the first to sell the bulk of the expensive oil before the competition is brought back to life.So low prices continues into 2016. As for the local fuel prices refer to post #163 smile
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Impunity
#214 Posted : Thursday, November 12, 2015 2:32:47 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
whiteowl wrote:
I think Kenya's refined oil is not from crude oil. That's explains why it's price movement doesn't correlate with any crude oil index.


Me think its from recycled used cooking oil or from some palm oil.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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hardwood
#215 Posted : Saturday, November 14, 2015 5:04:19 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Good news:

Quote:
The ERC has reduced the price of a litre of super petrol by Sh2.83, diesel by Sh2.77 and kerosene Sh1.23 in pump prices for November 15 to December 14.

In Nairobi, motorists will pay Sh90.46 for a litre of super petrol, Sh79.66 for diesel and Sh54.81 for kerosene.

A litre of super petrol will cost Sh87.16 in Mombasa diesel Sh76.38 and kerosene Sh52.10.


- See more at: http://www.the-star.co.k...ces#sthash.BhoC3np9.dpuf
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whiteowl
#216 Posted : Saturday, December 12, 2015 10:13:30 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Crude oil @ $35 heading to sub 30.ERC Wazuans, by next month you'll need new formulas smile
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githundi
#217 Posted : Saturday, December 12, 2015 11:01:24 AM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
We might not feel the effect with the new excise duty.
Democracy does not belong to the dead
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dunkang
#218 Posted : Monday, December 14, 2015 3:36:43 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
When Crude was at US$100, Petrol in Kenya was at 100/=, Now, Crude is at US$35, We are at 90/=. Who is kidding who?

Meanwhile, even after increase in Excise Duty (10/= per liter), Petrol Price is DOWN by 40cts. Diesel is also DOWN by 1.15/=.

The GoK is committed not to see the prices go lower than 80/- and 60/- respectively.
Receive with simplicity everything that happens to you.” ― Rashi

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mlennyma
#219 Posted : Monday, December 14, 2015 3:57:18 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
dunkang wrote:
When Crude was at US$100, Petrol in Kenya was at 100/=, Now, Crude is at US$35, We are at 90/=. Who is kidding who?

Meanwhile, even after increase in Excise Duty (10/= per liter), Petrol Price is DOWN by 40cts. Diesel is also DOWN by 1.15/=.

The GoK is committed not to see the prices go lower than 80/- and 60/- respectively.

taxes for the big to keep looting
"Don't let the fear of losing be greater than the excitement of winning."
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Ericsson
#220 Posted : Monday, December 14, 2015 4:20:00 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Excise duty on petrol and diesel wasn't applicable this time around.
The excise duty was implemented in 2009 by one Amos Kimunya.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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