WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2011-03-16 Time: 05:00:01 Posted By: News Poster
By James Mbugua
The Energy Regulatory Commission has increased fuel pump prices for the third straight month with Super petrol now selling above Sh100 in most parts of the country.
This even as a consumer lobby group, Consumer Federation of Kenya (Cofek) said it would hold a consultative meeting with the ERC today to demand the immediate lowering of fuel prices.
Oil marketers on the other hand welcomed the increase as within their expectations except for Diesel which they say should have been increased by a bigger margin given the expensive stocks that just came into the country. The regulator issued new pump prices to oil marketers yesterday which will be in force for the next one month.
Motorists in Nairobi will now pay Sh102 per liter of Super petrol after the ERC increased pump prices by Sh4.35 or a 4.6 per cent rise. Diesel prices were reviewed upwards by 2.9 per cent, regular petrol by 3.2 per cent while Kerosene witnessed the largest increase of 5.8 per cent, equivalent to a Sh4.44 mark up.
A sustained rise in global oil prices owing to political unrest in the Maghreb and the Middle East was the main reason given for the upward review in consumer prices.”During the month of February 2011, international fuel prices of crude oil and refined petroleum products continued on an upward trend which started in July 2010,” Engineer Kaburu Mwirichia, the ERC boss said in a statement following the release of the revised prices. “When the impacts of the above changes are incorporated in the formula for calculating maximum retail pump prices, the overall effect is an increase of between Sh2.77 and Sh4.35 per liter for the products under review.”
Only Coast province will sell Super petrol below Sh100 with Mombasa retailing at Sh99.28. Nakuru will sell it at Sh103.50 while Eldoret and Kisumu will sell at Sh104.58 and Sh104.64 respectively. Mandera residents will pay the highest prices for petrol at Sh113 a liter.
Consumer lobby group Cofek will hold a press conference after it meets the ERC today. “The agenda of the meeting will be to explore ways and means as well learn of the ERC’s strategy in immediately lowering the prices of fuel,” Cofek secretary Stephen Njau said.
Original date published: 15 March 2011
Source: http://allafrica.com/stories/201103160238.html?viewall=1