Economist David Ndii calls Social media pundit Pauline Njoroge a “Bimbo” over her sentiments on the cost of fuel under President Ruto.
David Ndii called out political strategist Pauline Njoroge over what seemed to be political allegiances.
Ndii who has not been shy of controversy, quoted a tweet from Madam Njoroge calling her out for her analysis.
“Bimbo wouldn’t know while she was inspecting ceilings Uhuru was blowing holes through national finances” Ndii shared.
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Ndii’s claim
According to Ndii, the former President below are holes in the national finances which broke the Kenyan economy.
According to the economist, Former president Uhuru manufactured success that led to the downfall of the Kenyan Economy.
In Ndii’s assessment, President Uhuru’s government overvalued the detrimental Kenyan shilling.
Subsequently, the shilling is currently suffering due to its inflated value by former President Uhuru’s economic policies.
Additionally, he did not shy away from poking holes in the fuel subsidy under the Jubilee government which he valued at KSh100 billion.
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Njoroge’s tweet
According to Njoroge, the price of crude oil in 2022 was higher than it is right now which should translate to lower costs.
“If in early June 2022 when crude oil was going for $122 per barrel the pump price in Kenya was Ksh 159 per litre of petrol, how much should the same cost right now when crude oil is going for $69 per barrel?” Njoroge stated.
From her view, Njoroge shares that the cost of fuel should be lower than they currently are at the moment.
However, the Energy and Petroleum Regulatory Authority (EPRA) has recently revised the cost of fuel.
EPRA recently reduced the cost of fuel by KSh5 and diesel by KSh2 owing to the reduced cost of landing.
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Critics disagree with Njoroge
Economist David Ndii was not the only one to disagree with Njoroge over her assessment of fuel costs in the country.
Financial site Mwango Capital seems to disagree with her calculations since she does not add all the factors going to the cost of fuel.
“While we agree that fuel prices should be lower, your maths is too simplistic in its formulation.” Mwango Capital shared.
Mwangoi Capital would go on to share that there was no relationship between the cost of fuel and the cost of crude oil globally.
“For one, global crude prices have no bearing on our fuel prices because we are an importer of oil.” Mwango capital observed.
Mwango Capital concluded with figures and data on what determines fuel cost and shared that, oil prices were determined by local and foreign factors.
“Also, product cost is just one component of the pump price. There’s also storage, OMCs margins, taxes, and levies” Mwango Capital concluded.
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