Eng Mohammed Maalim Mahamud

All parliamentary appearances

Entries 2151 to 2160 of 2205.

• 5 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, I have taken time to analyze the prices of crude oil and fuel prices in Kenya. However, it is important to take into account the fact that in July 2008, crude oil prices were at US$137.335. At that time, the US Dollar was at an exchange rate of Kshs60.00. One barrel of oil is 159 litres. Therefore, the price of crude oil per litre was Kshs57.03, at that time. In the same reasoning, in December, 2008, the price of crude oil was Kshs42.1 per barrel. The exchange rate was Kshs71.8 in December. If you use that ... view
• 5 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, the pump price of petrol in December was Kshs110. Out of this, Kshs30 was tax. So, effectively, the price is Kshs80. The current price is Kshs75. If you deduct the Kshs30 tax from this, you will remain with Kshs85. So, the price of petrol per litre without tax is Kshs35. If you look at the bottom price of crude oil per litre, which was Kshs65 and Kshs20 in December, 2008, you will find that it is Kshs36. The bottom price for the same period for refined oil and the pump price was Kshs35. This is the ... view
• 5 Feb 2009 in National Assembly: With regard to the issue of farmers, I said the Ministry's role is to create a fair playing ground for everybody. We will not be able to have specific fuel prices for farmers in this country because fuel is imported and marketed by oil marketers. But I have said if we have to think of co-operative societies, if they are a large group, they can order for large volumes of fuels and get discounts from the oil suppliers. If farmers form co-operative societies they will benefit from large volumes. view
• 5 Feb 2009 in National Assembly: The NEC is the major advisory board to the Government of Kenya in terms of economic development. It can advise the Government in respect of fuel price controls. From what we are seeing today, there are no indications to introduce price controls. However, should the situation change, ERC will still maintain these prices and we will be able to revert to the issue of price controls where it is appropriate. view
• 5 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, I agree with the hon. Member that there have been a shortage of fuel at various pump stations in the last two days. However, as of today, I think the shortage is being created by the oil companies themselves. There is enough oil in Mombasa. There is enough fuel in our various depots within this city and other places. We have asked the view
• 5 Feb 2009 in National Assembly: 4736 PARLIAMENTARY DEBATES February 5, 2009 view
• 5 Feb 2009 in National Assembly: companies to make sure that there is enough fuel for our people. However, we cannot force them to collect fuel. The Minister explained yesterday that there was a slight delay due to the reasons he emulated. I want to assure hon. Members that the issue of adequate supply of fuel in the country is being addressed by the Ministry. We are monitoring the situation every morning. This morning we sent a team to assess what is available within the system. I have also explained the issue of affordability. I said that when we are considering the price of crude oil ... view
• 5 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, we have not. We are asking the industry to regulate itself. In fact, this morning we had a meeting with the oil marketers. We are trying to find out who is creating the shortage of fuel in this country. Should they be found, then they will be dealt with accordingly within the industry. view
• 5 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, with regard to the first question as to why fuel is less expensive in certain petrol stations upcountry, this is controlled by the market forces. Yesterday, Shell reduced the price by Kshs4. This is controlled by the market forces. Kenyans are free to buy fuel from the stations that are selling cheaper. Anybody who out-prices his fuel will be thrown out of the market. view
• 5 Feb 2009 in National Assembly: Mr. Deputy Speaker, Sir, I think when I answered the first Question, the hon. Member was not in the House. I said that the price of oil has reduced substantially. I have shown arithmetically that the price has reduced substantially. I have said that we are not going to introduce price controls. The question was asked why the National Economic Council told the Ministry not to introduce price controls. We are actually gathering information from the various stakeholders. There will be a meeting soon between ERC and the stakeholders. Should there be a reason to introduce price controls, then we ... view