Are all bound to go up and it is funny, because the factors involved are all part of a vicious cycle.
ELECTRICITY
The Kenya Pipeline Company (KPC) incurred an electricity bill of 1.2 Billion Kenyan Shillings last year; in today's exchange rates - this would equal $15 Million (this is a huge dent to any form of operation)
You can relate this to the post I had yesterday about rain. Quoting from Nation's Business Daily: (read article here)
For oil products delivered to Nakuru, marketers will pay 70 cents more per litre and 90 cents more per litre for Kisumu-bound products.
This really sucks, if you ask me. That marginal price has great effects down the line especially on industrial production that requires fuel.
ELECTRICITY II
So, if the fossil fuel prices go up, and the price of fuel is raised because of this uptick, won't the price of electricity just go up again and encourage this cycle to continue?
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