Anyway, a short tale:
I was out shopping for fruits & veggies & I saw a sign "One dozen bananas for 40/- Stall #57" in huge letters on the other side of the market. It was crowded so I went to the nearest stall & asked for 12 bananas. The saleslady (Mama Mboga/Matunda/Ndizi) wraps them up & asks for 70/-...
Me: GASP! What??? They are only 40/- at Stall#57... You are ripping me off!!! Huff! Puff!
[Calm] Saleslady: I also sell one dozen bananas for 40/-. When I don't have any.
So I go go over to Stall #57... Lo & behold... there are NO bananas for sale! So I return to the original banana stand & quietly fork over 70/-
[George Bluth Sr: There's always money in the Banana Stand]
So what was the above tale about?
Well... National Oil Company of Kenya (NOCK) claims to be a saviour for Kenyans.
NOCK: "...would have seen the diesel reach Mombasa at $13.44 per tonne above prevailing crude prices..."
Note the 'would have' because lo & behold, NOCK will NOT fill the tender they won & crowed about!
NOCK: Delays are normal. Kwani? The delivery date of 19 Feb 2011 was merely a suggested date. We are a proud Kenyan firm that believes 100% in Kenya Standard Time.
Bottomline: Kenyans will pay $34/tonne for delivery. 3 weeks late. When crude is priced at $120 vs $98/bbl. Yep, we got snookered. Again. At least 22%