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: 2011-03-21 Time: 22:00:02 Posted By: News Poster
Nairobi – The ongoing stalemate between Kenya’s oil marketers and the Government over the pricing of fuel needs to be resolved before it degenerates into a crisis that could hurt other economies.
Oil companies were last week demanding to be allowed to increase fuel prices by at least Sh2, days after they raised costs by Sh5. This push arose from a controversial procurement blunder by the state-run National Oil Corporation (NOCK) which has left the firm holding on to over 55,000 tonnes of expensive fuel.
Fearing hurting their margins, the other oil marketers have refused to buy the fuel as long as the pump prices remain as they are. Should Nock fail to off-load the fuel to the market soon, there will be a gridlock in the stores and pipeline, creating major supply disruptions.
This is likely to usher in a fuel crisis in the region, hurting countries like Uganda, Rwanda, Burundi and parts of DRC which rely on Kenya’s supply chain. Consumers across EAC are already reeling from high fuel prices triggered off by the ongoing turmoil in oil producing Middle East.
The rise in fuel prices is pushing inflation up and denting prospects of countries reporting improved economic growth in 2011. Pump prices in Rwanda went up by about 5 per cent last week, slightly above Kenya’s 4 per cent upward price review.
Constraints related to off take of refined fuel from Kenya this month led to a closing down of several dispensing outlets in Uganda as the shortage led pump prices edging up by similar margins.
Tanzania, currently battling a power crisis saw its pump prices jump three per cent in the latest review. The negative impact of a further surge in fuel prices is something that would be unnecessarily painful to the region and should not be allowed to happen.
Original Source: 
Original date published: 21 March 2011
Source: http://allafrica.com/stories/201103211225.html?viewall=1