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Why I'm Still Paying 110/= Plus at the Pump
Swenani
#221 Posted : Monday, December 14, 2015 4:42:46 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Ericsson wrote:
Excise duty on petrol and diesel wasn't applicable this time around.
The excise duty was implemented in 2009 by one Amos Kimunya.


what are you saying?Have you read the new excise duty act?
If Obiero did it, Who Am I?
Ericsson
#222 Posted : Monday, December 14, 2015 4:46:29 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Yes swenani I read it in detail.
The ones without codes don't have excise duty.
In the bill items which already have excise duty were mentioned like Airtime,banking transactions
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#223 Posted : Monday, December 14, 2015 4:53:12 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
http://www.businessdaily...82/-/d2jr7s/-/index.html
"Don't let the fear of losing be greater than the excitement of winning."
mlennyma
#224 Posted : Monday, December 14, 2015 4:58:13 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mlennyma wrote:
http://www.businessdailyafrica.com/Prices-to-go-up-as-new-VAT-rules-take-effect-next-month/-/539552/1289382/-/d2jr7s/-/index.html

sorry i have lost the link to the intented article on tax this is abit old
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#225 Posted : Monday, December 14, 2015 5:03:25 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Seen it excise duty iko
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#226 Posted : Monday, December 14, 2015 5:05:26 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
As attached in the briefing by ERC excise duty didn't apply in super petrol from the excise act;
Marginal impact of Excise Duty in December 2015 pump prices review

The effect of the Excise Duty Act 2015 on petroleum pump prices has been marginal, according to the latest monthly price review by ERC. Today's price review set out petroleum pump prices for the period 15th December 2015 to 14th January 2016.

Excise duty for Super Petrol remained the same at Kshs 19.895 per litre while kerosene remained zero rated. However, one cargo of diesel was increased by Kshs 2.061 per litre. The other diesel cargoes considered in this month’s price review remain unaffected since their last dates of discharge were before the effective date of the new excise tax (i.e. 1st Dec 2015). This has been verified with the Kenya Revenue Authority.

Taking account of the weighted average cost of imported refined petroleum products, the changes in the maximum allowed petroleum pump price are as follows: Super Petrol reduces by Kshs 0.40 per litre, Diesel reduces by Kshs 1.15 per litre while Kerosene reduces by Kshs 1.54 per litre.

Accordingly, the prices of super petrol, diesel and kerosene per litre in Nairobi during this period will be Kshs 90.06, Kshs 78.51 and Kshs 53.27, respectively.

For information, the general reduction in petroleum prices during this period was a consequence of the average landed cost of imported Super Petrol decreasing by 0.88% from US$ 546.85 per ton in October 2015 to US$ 542.02 per ton in November 2015. For diesel, the average landed cost decreased by 6.19% from US$ 506.93 per ton to US$ 475.53 per ton. The average landed cost of imported Kerosene decreased by 4.93% from US$ 510.88 per ton to US$ 485.70 per ton.

The Free On board (FOB) price of Murban crude oil lifted in November 2015 was posted at US$ 43.55 per barrel, a decrease of 7.93% from US$ 47.30 per barrel in October 2015. Over the same period, the mean monthly US Dollar to Kenya Shilling exchange rate appreciated by 0.30% from KES 102.51 per US$ in October 2015 to KES 102.20 per US$ in November 2015.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
hisah
#227 Posted : Monday, December 14, 2015 5:14:41 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Btw KE fuel prices are fair! Only Ethiopia cheaper than KE in the EA region. Also note that KE prices are cheaper than those in China, Brazil and a host of EU nations! Have a look at this global fuel retail price statistics site. Note unit price is in US cents.

Gasoline/Petrol: http://www.globalpetrolp...es.com/gasoline_prices/

Diesel: http://www.globalpetrolprices.com/diesel_prices/

ERC is doing a fine job! And no, I'm not an ERC price control fun before wazuans start crucifying me as a sympathizer et al.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
mlennyma
#228 Posted : Monday, December 14, 2015 5:48:43 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
hisah wrote:
Btw KE fuel prices are fair! Only Ethiopia cheaper than KE in the EA region. Also note that KE prices are cheaper than those in China, Brazil and a host of EU nations! Have a look at this global fuel retail price statistics site. Note unit price is in US cents.

Gasoline/Petrol: http://www.globalpetrolp...es.com/gasoline_prices/

Diesel: http://www.globalpetrolprices.com/diesel_prices/

ERC is doing a fine job! And no, I'm not an ERC price control fun before wazuans start crucifying me as a sympathizer et al.

kenyans only cry because the tax is lost on corruption
"Don't let the fear of losing be greater than the excitement of winning."
Lolest!
#229 Posted : Monday, December 14, 2015 5:59:41 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
hisah wrote:
Btw KE fuel prices are fair! Only Ethiopia cheaper than KE in the EA region. Also note that KE prices are cheaper than those in China, Brazil and a host of EU nations! Have a look at this global fuel retail price statistics site. Note unit price is in US cents.

Gasoline/Petrol: http://www.globalpetrolp...es.com/gasoline_prices/

Diesel: http://www.globalpetrolprices.com/diesel_prices/

ERC is doing a fine job! And no, I'm not an ERC price control fun before wazuans start crucifying me as a sympathizer et al.

smile
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Ericsson
#230 Posted : Monday, December 14, 2015 7:19:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@Lolest!
Purchasing powere/disposable income between us and the mentioned countries is not the same.
They are higher than ours;why haven't you mentioned US where fuel is cheaper than in kenya despite their high disposable income
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
31 Pages«<2122232425>»
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