selah wrote:
Anyway the price control is on its death bed..how do you control margins in an open market its not like you will be interrogating the source of fuel or where they bought it.
Oil is imported through the Open Tender System administered by MoE. Importers bid to supply the whole industry for one month. Bidders must state the price they will sell to everyone else, i.e., other dealers. Then one who quotes the lowest wins to import and supply that month.
All other supply-chain costs are either government controlled [e.g., pipeline, railway, storage @ Kipevu] or well known due to stiff competition [e.g., delivery trucks]
Therefore, it is easy to control the margins. The problem arises when industry lobby groups start to put pressure on the Minister....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.