ERC FUEL REVIEWS TOO FREQUENT CAUSE OF INFLATION & STRIKES
It is now common knowledge that fuel prices instability and monthly reviews is responsible for national inflation. This in actual fact triggers illegitimate reduced purchasing power particularly to those in employment. Manufactures and business people suffer least damage as they easily adjust their profit margins. Such cushioning actually huts employees with fixed pay slips. The most losers of the monthly ERC reviews are the unemployed. Fuel prices unpredictability negates the essence of capping prices which ERC claim to do every month. 30 days review is too short to make prices
predictable and the rule should be reviewed imperatively. Sincere fuel Control remain the best option. Energy Regulatory Body should now increase duration of reviews to at least 3 months to 6 months. The fuel shortage experienced whenever marketers anticipate higher prices shows dishonesty on the part of oil dealers. Oil policy should be reviewed.
Save Kenya of the monthly agony by sacrificing huge profiteering.
The government should fast-track the drilling and processing the vast Turkana Oil deposits to recover foreign exchange lost in importation.
The Motorists Association of Kenya refuse to buy the pessimist idea that Kenya cannot benefit sooner the discovery of Oil in Turkana. 3 years is enough for the process.
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