My original post & why fuel prices in Kenya can't drop further... and now this mess at the Refinery...
Sometimes, there are acts of nature but in this case the dilapidated 53 year old water system gave out!
This system was built in the Colonial days & at least it lasted as long as it did!
Don't expect the prices of fuel to reduce any time soon!
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November
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- Williamson Tea Announces superb 1H 2006-7 Results
- Port Privatisation (without hidden shareholdings!)...
- Justice Delayed is Justice Denied!
- Potholes at Kisumu Airport???
- Kisumu Airport Closed - Runways washed out!
- What is 10% of Safaricom worth?
- Standard & Kenya Times silent on Mobitelea scam!
- The Mystery Deepens while the Government Dithers
- Vodafone's 2005 Annual Report
- Nigeria's State of Aviation - Could this happen to...
- Who says Kenya needs Aid? Just ask gichuru for a l...
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- Tanzania faces MASSIVE electricty shortage! Kenyan...
- The Passing of A Giant - Milton Friedman
- How China dominates Manufacturing - The Labour Facet
- Kenya opts for Fibre-optic Undersea Cable System
- African Governments & High Fuel Prices
- Update on the Oil Industry in Kenya
- Reviewed Site Featured in Barrons!
- Eveready OFS picking up steam
- What are the results of the investigation on City ...
- Eveready is ready. Are you?
- A must read for those who love Stock Splits
- Banks' profits rise 3Q 2006 vs 3Q 2005
- Barclays announces Bonus & Rights
- Why the price of Petrol remains high
- City Trust hit KES 500 (6 Nov 2006)
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Thursday, November 16, 2006
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5 comments:
True, Kenyans must get used to high oil prices. But our "people loving" politicians passed a motion allowing the Minister of Energy to control oil prices. How absurd. Nobody talked of reducing taxes on petroleum products. I wonder how they will monitor prices all over the country.
It may sound a bit crazy, but I think the country is better off when MPs fail to attend parliament sessions. Imagine them making these kinds of policies daily.
i also fear this issue of controlling fuel prices but am sure it wont go through. its just a publicity thing for now.
coldi i somehow feel you havent sunk your teeth on th flesh and bones of eveready and KPLC as its characteristic of you. dont blame me. you got me used
kenyanomics - Even the US politicians wanted to tax "windfall profits" as a gimmick but these were oil producers.
In Kenya, we have Oil Marketers whose profits have actually dropped in 2006 since they can't pass the costs.
The bill could get passed & there will be jobs galore for the "regulators", more channels for bribes when the local petrol station owners are threatened & shortages when the oil marketers reduce imports in the face of low profits.
Yes, no talk of reducing TAXES...
Mushenzi - Ask your broker.
Odegle - Eveready's current shareholders not barred from selling shares immediately after the OFS. That does not give me a good feeling!
Nevertheless, its an new listing & Kenyans will go nuts!
KPLC - I haven't seen the Annual Report.
That's the thing... If all folks are buying Eveready to dump afterwards... then who will buy?
BTW, the current shareholders might also join the "sellers" market IF the price rises!
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