Matatu Owners Warn Of Fare Increase After Fuel Prices Go High

Kenyans should expect an increase in matatu fares as a result of the Energy and Petroleum Regulatory Authority's increase in gasoline prices (EPRA).

Matatu Owners Warn Of Fare Increase After Fuel Prices Go High

Simon Kimutai, Chairman of the Matatu Owners Association (MoA), who has justified the planned migration.

Kimutai claimed that they are in business, and he had informed their members that after they've completed their cost accounting, they should pass the costs on to passengers.

Kimutai said that it is only natural to pass the cost on to the consumer and further noted that the passengers who take matatus as their means of transport should expect a fare increase.

 Despite the fact that the public sector is driving the economy ahead, he pointed out that they are still bearing the brunt of international fuel price increases, with no government subsidies in place to protect them.

"Petroleum goods fuel our motor, and the current price of fuel is Sh134, which has never been the case in our life." We play a critical role in the economy's progress, yet no one recognizes it. "Let the authorities know that we require cushioning or we will be unable to go to work," he stated.

According to the Energy and Petroleum Regulatory Authority's (EPRA) current monthly price review, a litre of super petrol would cost Sh134.72 in Nairobi, up from Sh129.72, and diesel will cost Sh115.60, up from Sh110.60.

The price of kerosene, which is mostly used for cooking and illumination by rural and urban populations, has been maintained at Sh103.54 per litre.

According to EPRA, the actual pump price for super petrol is Sh155.11, implying that the Ministry of Petroleum and Mining has spent Sh20.39 to protect consumers from a significant price increase.

Because many sectors rely largely on petroleum for their production and transportation, the cost of basic items is projected to rise as a result of the increase in fuel costs.