Nipate
Forum => Kenya Discussion => Topic started by: Omollo on December 14, 2014, 06:08:49 PM
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Kenyans are scammed in every way!
Fuel prices for the Christmas holidays eased by an average of four shillings but failed to address concerns that the easing crude prices are not being passed to the Kenyan consumer.
The Energy Regulatory Commission Sunday announced a Sh4.79 shillings drop in petrol prices to Sh102.01 with diesel prices dropping by Sh3.67 to Sh90.85 as Kerosene dropped by Sh4.94 to Sh71.37 a litre.
Global crude prices have dropped by more than 40 per cent since July from $115 per barrel to an average of $65 a barrel in December.
The ERC director general Joseph Ng’ang’a said that the reason oil prices had not fallen proportionately to that of crude prices is that Kenya ceased to import crude and now imports refined products. An explanation that has not satisfied many.....
http://www.nation.co.ke/business/December-fuel-prices-fail-to-capture-global-oil-fall/-/996/2556158/-/15enie3/-/index.html
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ERC BS should be done away with. It doesn't make any sense at all.
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Kenyans are scammed in every way!
Fuel prices for the Christmas holidays eased by an average of four shillings but failed to address concerns that the easing crude prices are not being passed to the Kenyan consumer.
The Energy Regulatory Commission Sunday announced a Sh4.79 shillings drop in petrol prices to Sh102.01 with diesel prices dropping by Sh3.67 to Sh90.85 as Kerosene dropped by Sh4.94 to Sh71.37 a litre.
Global crude prices have dropped by more than 40 per cent since July from $115 per barrel to an average of $65 a barrel in December.
The ERC director general Joseph Ng’ang’a said that the reason oil prices had not fallen proportionately to that of crude prices is that Kenya ceased to import crude and now imports refined products. An explanation that has not satisfied many.....
http://www.nation.co.ke/business/December-fuel-prices-fail-to-capture-global-oil-fall/-/996/2556158/-/15enie3/-/index.html
Prices should be in the region of Ks. 85-93's as elsewhere. Veritas is getting her fuel at $1.15 or ~Ksh 92.
Sketie
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I have yet to see the value of ERC.