Petrol now retailing at 140shs almost - Uhuru Kinyasa ending in a low

[RV Pundit]

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Fuel subsidy not working;

Time to relax the levies and taxes; suspend all the levies on fuel;

Otherwise this is now dangerous

https://citizentv.co.ke/business/pain-at-the-pump-as-petrol-price-rises-by-ksh-7-58-diesel-ksh-7-94-kerosene-by-ksh-12-97-13099897/

[vooke]

Catch 22
The levies are the easiest tax revenue collected at the source.

[RV Pundit]

Yes they collected 2.6B dollars last year but at this rate - people will stop buying petrol.

Catch 22
The levies are the easiest tax revenue collected at the source.

[vooke]

I have a nagging suspicion the formula for the fuel prices is rigged. That should be the biggest scam after SGR

[RV Pundit]

They need to remove 8 percent VAT - parliament should suspend it until situation improves - and also remove excise.

In accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010 and Legal Notice No. 26 of 2012, @EPRA_Ke has calculated the maximum wholesale and retail prices of petroleum products, which will be in force from 15th September 2021 to 14th October 2021^BO pic.twitter.com/eofvMgs3lX

— Energy and Petroleum Regulatory Authority (@EPRA_Ke) September 14, 2021

[Kadudu]

Prices of oil have upped allover the world. Uhuru is not the smartest person on this earth and many of us today pretend they did not know that before 2013, but stop blaming him for things beyond his control.

[vooke]

That is a condition from IMF

Why Looter is not all over this is because he will be equally helpless should he ever survive deep state machinations to obliterate his name from the ballot and win the race

They need to remove 8 percent VAT - parliament should suspend it until situation improves - and also remove excise.

In accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010 and Legal Notice No. 26 of 2012, @EPRA_Ke has calculated the maximum wholesale and retail prices of petroleum products, which will be in force from 15th September 2021 to 14th October 2021^BO pic.twitter.com/eofvMgs3lX

— Energy and Petroleum Regulatory Authority (@EPRA_Ke) September 14, 2021

[RV Pundit]

I think IMF will understand that situation is now dire. Ruto should attack Uhuru on this. Kenyans are suffering. Someone need to speak up - and offer leadership. Suspend fuel levy, taxes and etc until situation improves in the global oil market.

That is a condition from IMF

Why Looter is not all over this is because he will be equally helpless should he ever survive deep state machinations to obliterate his name from the ballot and win the race

They need to remove 8 percent VAT - parliament should suspend it until situation improves - and also remove excise.

In accordance with Section 101(y) of the Petroleum Act 2019, Legal Notice No.196 of 2010 and Legal Notice No. 26 of 2012, @EPRA_Ke has calculated the maximum wholesale and retail prices of petroleum products, which will be in force from 15th September 2021 to 14th October 2021^BO pic.twitter.com/eofvMgs3lX

— Energy and Petroleum Regulatory Authority (@EPRA_Ke) September 14, 2021

[Kadudu]

Global oil market will not "improve" in the near future. Western countries and leading Asian countries heading to winter. Means energy demand will increase and the economies are recovering from covid pandemic. Demand for goods is high and means energy prices will increase.
Blame Ruto and Charles Keter for their corruption cartels that run the energy sector from 2013.

I think IMF will understand that situation is now dire. Ruto should attack Uhuru on this. Kenyans are suffering. Someone need to speak up - and offer leadership. Suspend fuel levy, taxes and etc until situation improves in the global oil market.

[RV Pundit]

Nobody is to blame. Summer will come back again. But for now gov should slash some of taxes from Oil. You know half the petrol pump price is taxes and levies. Now it time to cut some of it - and delay say maintainance of roads.

If not - Jakom will pay a huge political price - Ruto and Charles are out of gov - and Jubilee 1.0 scored 120 percent - way above 100 percent requiered (50 percent plus 1)

For now it's Uhuru and Jakom interest to low petrol prize otherwise people will be angry

Global oil market will not "improve" in the near future. Western countries and leading Asian countries heading to winter. Means energy demand will increase and the economies are recovering from covid pandemic. Demand for goods is high and means energy prices will increase.
Blame Ruto and Charles Keter for their corruption cartels that run the energy sector from 2013.

[vooke]

But this stabilization fund is bogus.
We are paying 5.4/- per litre from which Gavaa compensates oil marketers for artificially suppressing prices. For some reasons Uhunye decided against tapping into the fund so the prices are actually how they should be.

Now, if we are not drawing from the fund, just suspend the levy

[RV Pundit]

It's for diesel only.

But this stabilization fund is bogus.
We are paying 5.4/- per litre from which Gavaa compensates oil marketers for artificially suppressing prices. For some reasons Uhunye decided against tapping into the fund so the prices are actually how they should be.

Now, if we are not drawing from the fund, just suspend the levy

[hk]

The ills, incompetence, blunder of Jubilee economics (1 and 2) consequences being felt as david ndii predicted https://www.theelephant.info/op-eds/2019/12/06/an-imf-straightjacket-is-a-fitting-end-to-jubilees-reign-of-hubris-blunder-plunder-squander-and-abracadabra/

[RV Pundit]

Jubilee 1.0 did well - and the verdict was passed on 22nd August 2017 - and it passed with flying colours.
Jubilee 2.0 is a disaster - it has borrowed more - with nothing to show.
At least Jubilee 1.0 - has railway that will last 100yrs.

Jubilee 2.0 has nothing to show - for all the borrowings.

Anyway by the time none is interested in treasury - they leave for borana - it's empty.

Jubilee 2.0 should have switched borrowing with making privitisation commission to sell the many of 200 SOEs - starting with floating more Safaricom shares..

Kibaki managed to keep debt low by selling kenya assets - like Safaricom, Kengen and Kenren

Jubilee 2.0 is dead as dodo - and Uhuru has no legacy - handshake and BBI has killed it - and now nobody want to associate with Jubilee - it's a dead brand.

The ills, incompetence, blunder of Jubilee economics (1 and 2) consequences being felt as david ndii predicted https://www.theelephant.info/op-eds/2019/12/06/an-imf-straightjacket-is-a-fitting-end-to-jubilees-reign-of-hubris-blunder-plunder-squander-and-abracadabra/

[Njuri Ncheke]

Uhuru is just bad luck to Kenya.jinga kabisa

[Kadudu]

When you voted for Uhuru 3 times, did you vote for him because he would revive the economy?
Uhuru and Ruto were voted in in order to escape the ICC. The goal was reached and anything else like economy was never mentioned.

Uhuru is just bad luck to Kenya.jinga kabisa

[RV Pundit]

2nd term had nothing to do with ICC.

Jubilee 1.0 delivered. So much they improve their 2013 voted by 5 percent - which is unheard of in most democracy - 2nd term is always tough to win.


The handshake and BBI from NASA has come to mess it.

Kenya is suffering because of one reason - William Ruto was removed from running gov - a mlevi is attempting to run it.

If Ruto had been running gov - we would be very far ahead.

There is a reason why WSR is leading in opinion polls.

People know his TRACK record of delivery.

Once Ruto wins PORK next year - kenya will be back to happy times in no time...like in Jubilee 1.0..where gov was nailing projects one after another...

300 days to suffer the incompetent mlevi

When you voted for Uhuru 3 times, did you vote for him because he would revive the economy?
Uhuru and Ruto were voted in in order to escape the ICC. The goal was reached and anything else like economy was never mentioned.

[RV Pundit]

Atwoli abandon Uhuru
https://www.the-star.co.ke/news/2021-09-16-atwoli-calls-out-uhuru-over-fuel-price-hike/

[Njuri Ncheke]

When you voted for Uhuru 3 times, did you vote for him because he would revive the economy?
Uhuru and Ruto were voted in in order to escape the ICC. The goal was reached and anything else like economy was never mentioned.

Uhuru is just bad luck to Kenya.jinga kabisa

Kadudu that was one of the point but the major factor was people were excited that they were young. Talk was look they are very young if Kibaki did the massive developments and he is a mzee  then UhuRuto will industrialize the country. This was a genuine hope,the jeshi or nthurakus were very excited including me I saw kenya becoming  Malaysia in 10 years boy how we were all wrong but problem squarely lies with gatheca you can't blame Ruto he was a passenger. Gatheca as fcuked us up.

[Nowayhaha]

Just compared with other countries , realised prices a super high in Kenya.

https://m.statisticstimes.com/economy/countries-by-petrol-prices-and-gdp-per-capita.php