According to CBK, “Murban oil price increased to USD 67.36 per barrel on March 11 from USD 63.32 per barrel on March 4.” These are the prices the pump prices in April will be based on.
The March prices people are crying about are based on February crude oil prices which were USD 61.61 per barrel.
Unless the formula changes or the shilling appreciates the prices in April will be even higher. If USD 61.61 per barrel equals petrol price at KShs 122, what will it be at USD 68 per barrel? If you answered KShs 136 you could be right.
Pissants enyewe watalia kulia,wengine maisha ndio inawabamba kwa sasa
[ATTACH=full]354497[/ATTACH][ATTACH=full]354498[/ATTACH][ATTACH=full]354499[/ATTACH][ATTACH=full]354500[/ATTACH][ATTACH=full]354501[/ATTACH][ATTACH=full]354502[/ATTACH]
But if you are poor, you are poor. The gap doesn’t matter. By August-December, gasoline is projected at $80 a barrel in the markets. And it will stay there for a very long time as the Saudis and Russians recoup their missed earnings from the last two years. And they will also keep it at those levels as we transition into Electric Vehicles.
But remember that Kenyans survived when it was at $100/barrel.
Kwani lazima muendeshe gari? If you are complaining about the recent hike then you need to adjust your priorities because driving an automobile is not one. Aki Wakenya na magari…walk or hop on to a bus.
That’s only part of the problem with high gasoline price. You see gasoline prices factor into everything. Suddenly transportation of wheat will cost more. So will bei ya mkate. Buying and transporting stones will cost more. So will your mjengo. Maziwa, unga , etc