Matatu Fares To Increase From Today As PSV Operators Cite Fuel Cost Hike

Kenyans using Public Service Vehicles (PSVs) will from today, Monday June 20, start digging deeper into their pockets in response to the high cost of fuel. 

Everything on JUMIA

This after a review by the Energy and Petroleum Authority (EPRA) last week, which saw fuel prices rise by Ksh.9 across the board.

PSV operators together with The Federation of Public Transport Sector said the move will affect all the routes countrywide, as per their recent price reviews.

“The federation hereby resolves that with effect from Monday, June 20, 2022 fares payable on public transport vehicles countrywide shall be adjusted upwards by 20 percent,” said the lobby’s chairman Edwins Mukabanah.

Likewise, the Matatu Owners Association (MOA) has asked its members countrywide to increase transportation charges saying the fuel increase has made the current fares unsustainable.

The Chairperson of the association, Simon Kimutai, has said that several routes in Nairobi will see an increase in fares by between Ksh.20 and Ksh.50.

Routes charging Ksh.100, according to Kimutai, will be forced to charge between Ksh.120 and Ksh.150. The same rates shall apply to other routes accordingly.

The cost of super petrol in Nairobi has increased by 5.96 percent since May, to Ksh.159.12 per litre, with diesel and kerosene costing Ksh.140 and Ksh.127.94, respectively.

The price is even likely to spike a notch higher as the fuel subsidy, which covers Ksh.25.56 for super petrol consumers, Ksh.48.19 for diesel and Ksh.42.43 for kerosene, will be winded up by the National Treasury.

Petrol would cost Ksh.184.68 per litre without the cover, while diesel and kerosene would cost Ksh.188.19 and Ksh.170.37 per litre, respectively.

The exchequer has warned that the cost of the fuel subsidy has reached an unsustainable level, posing a fiscal risk to the stabilization mechanism.

JUMIA ANNIVERSARY 2022

Be the first to comment

Leave a Reply