Museveni to Ruto.Why are you exploiting your people?

[Githunguri]

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https://x.com/KagutaMuseveni/status/1721121943359754420?s=20

1. Diesel:
I. Middlemen’s price - $118;
II. Price from bulk suppliers or Refiners -$83; 

2. Petrol:
I. Middlemen’s price -$97.5;
II. Bulk suppliers or Refiners’ price- $61.5;

3. Kerosene:
I. Middlemen’s price - $114;
II. Bulk suppliers or Refiners’ price - $79

These are prices when the products have arrived at the East African Ports. You can see the huge loss Uganda has been incurring on account of our wonderful People.

[Githunguri]

Diesel.
83x160 USD KES=13280
13280/153 (one barrel has 153 litres).
That means diesel landing cost should be 87KES Port of Mombasa.


PETROL.
61x160 USD KES=9760
9760/153 (one barrel has 153 litres).
That means diesel landing cost should be 63KES Port of Mombasa.


To put matters into perspective,A barrel of crude oil produces about 120 litres of petrol & diesel combined without factoring other oil products,That means the landibg price of diesel or petrol shouldn't exceed 100KES landing cost or 150 at the petrol station,When you see a whole president of a neighbouring country making protests on social media,He is frustrated with the level of corruption.

Lastly,One of the reasons the shilling is weakening is due to this corrupt G2G oil deal because overpriced fuel tender means more demand for dollars.Since the same is happening to cooking oil,wheat,maize etc major imports that is overpricing through overpriced tenders,the shillng further weaksns,that even creates inflation,increase in commodity prices.

Kenyans,you are on your own.We have a leader without conscience.

[Githunguri]

https://tradingeconomics.com/commodity/crude-oil

International crude oil price hasn't changed much over the last one year,No absolute reason for these heinous acts.I just pity Kenyans.Instead of a leader protecting the citizenry,He is maiming them.Where are the MPs or Senators?This nonsense needs to stop.

[audacityofhope]

https://tradingeconomics.com/commodity/crude-oil

correct. As the link says, prices have dropped almost 6%· Tanzania being the honest govt it is has reduced its fuel by 5.86% effective 1st November 2023.