As of Wednesday, Kenyans will have to adapt to the new changes made by matatu owners due to the high cost of fuel.
According to Matatu Owners Association chairman, Albert Karakacha the change was caused by the Energy and Petroleum Regulatory Authority’s (EPRA) increase in fuel on Friday, June 30th.
He said the increase in fare will protect the organization’s members who have invested in the transport sector following the doubling of Value Added (VAT) from 8%to 16%.
“The sharp increase in fuel costs, combined with other operational expenses, such as an increase in the cost of spare parts and loan interests, has forced us to reevaluate our pricing structure to ensure the continued sustainability of prices,” the MOA stated in statement.
Fare Prices
The association announced the rates in Nairobi will rise by Ksh10to 30, Ksh10to 50 in Metropolis cities, Ksh30to 70 in coastal regions, and Ksh20 for Nyanza and Rift Valley towns.
Long distance travel prices will rise from Ksh100 to Ksh200.
As he country continues to face the hard economic times, the hiked fair prices will be another tough struggle for many Kenyans.
Despite the tough measures, Matatu Owners Association now want Kenyans to be patient with them as they sought new solutions.
The matatu owners have urged the government to subsidize fuel measures, in order to lift the cost burden from the public.
Super petrol retails Ksh.195.53per litre , diesel costsKsh.179.67 and Kerosene costs Ksh.173.44per litre.
Also Read: Twitter Limits The Number Of Tweets Users Can Read
