EPRA & pump prices⛽

[bigDog]

There are source markets that are selling refined petroleum at cheaper prices than we are sourcing them for.

You mean Russia?

 

[Mwalimu-G]

There are source markets that are selling refined petroleum at cheaper prices than we are sourcing them for.

You realise the way you had used cheaper markets was ambiguous. Should have been cheaper sources.

Seeing as oil prices are fluid from day to day I'd like to believe that the importing entities have a system of floating quotations as soon as they get the tender. I believe refineries do not have infinite storage capacity and will discount a product that may not be moving since they can't stop refining waiting for buyers hence the regular changes in prices.
And then there are sweetheart deals like when GoK negotiates a private bilateral deal with Saudi Arabia to buy below the market rates.

 

[Denis Young]

You realise the way you had used cheaper markets was ambiguous. Should have been cheaper sources.

Seeing as oil prices are fluid from day to day I'd like to believe that the importing entities have a system of floating quotations as soon as they get the tender. I believe refineries do not have infinite storage capacity and will discount a product that may not be moving since they can't stop refining waiting for buyers hence the regular changes in prices.
And then there are sweetheart deals like when GoK negotiates a private bilateral deal with Saudi Arabia to buy below the market rates.

Fantastic. I see you have been following the SA news. @bigDog, Russia is not the only country selling cheap mafuta.

 

[Mwalimu-G]

I see you have been following the SA news.

What SA news?

 

[Okiya]

View attachment 76610

Sender of 11:06 message = The Black Templar

 

[Denis Young]

What SA news?

I am hearing fununu that is where serikali is heading.

 

[Mwalimu-G]

I am hearing fununu that is where serikali is heading.

So is that supposed to be Saudia?

 

[bigDog]

Fantastic. I see you have been following the SA news. @bigDog, Russia is not the only country selling cheap mafuta.

Which others are selling at low prices?

 

[mzeiya]

Interesting

 

[Okiya]

Interesting
View attachment 76672

Taxes is the main cause

 

[stanmwa]

I wish to listen to dr ndii's perspective on this subsidy story. Especially on the overall effect on inflation

 

[Jug]

bei inakuja bahali yake

 

[Ubongo]

bei inakuja bahali yake

Seems Putin needs to restategize before winter falls... otherwise internal rebellion might take him out

 

[Denis Young]

Seems Putin needs to restategize before winter falls... otherwise internal rebellion might take him out

Cost of fuel has nothing to do with the problems EU are having with energy prices.

 

[Ubongo]

Kuria anapea hasolas....kahope

 

[The.Black.Templar]

View attachment 77312

Kuria anapea hasolas....kahope

CBK Governor Patrick Njoroge says fuel prices expected to drop soon

Central Bank of Kenya Governor Dr Patrick Njoroge projects that fuel prices will drop by December despite President William Ruto ending the subsidy.

www.citizen.digital

 

[Ubongo]

CBK Governor Patrick Njoroge says fuel prices expected to drop soon

Central Bank of Kenya Governor Dr Patrick Njoroge projects that fuel prices will drop by December despite President William Ruto ending the subsidy.

www.citizen.digital

But chief hasla will definitely take credit without explaining the dynamics of the international market to the bodabodas....he will be a saviour.

 

[Aviator]

View attachment 77312

Kuria anapea hasolas....kahope

Inaitwa licking the rear orifice.
The drop will be nothing to do with JSKS.

 

[The.Black.Templar]

But chief hasla will definitely take credit without explaining the dynamics of the international market to the bodabodas....he will be a saviour.

The removal of subsidies is already good progress

 

[Okiya]

Has the good governor factored in the likelihood of Fed increasing the rates by 100bps today? Because if they do then the shilling will go down against the dollar.