PSVs Increase Fares Over Costly Fuel

The Fig Tree bus terminus in Ngara, Nairobi. [Photo: Nairobi News]

Public Transport Vehicle operators say they are increasing transport fares starting today.

The Federation of Public Transport Sector says the rise by 20 percent follows last week’s fuel prices hike.

According to Federation Chairperson Edwins Mukabanah, the move affects all PSVs across the country.

Matatu Owners Association (MOA) Chairperson Simon Kimutai says several routes in Nairobi will see an increase in fares by between Ksh.20 and Ksh.50.

Routes charging Ksh.100 will now charge between Ksh.120 and Ksh.150. 

This comes after the Energy and Petroleum Regulatory Authority (EPRA) increased pump prices by 9 shillings per litre, pushing the cost of super and diesel to Sh159.12 and Sh140 – respectively in Nairobi.

“The applicable pump prices for super petrol, diesel and kerosene have been increased by Sh9 per litre from the immediate previous cycle,” said Epra in a notice.

The authority said the average cost of crude that was used to set the new prices was $112.48 (Sh13,147.70) from $93.99 (Sh10,878. 40).

The increased prices were also brought about by a weakened local currency against the dollar.

The shilling weakened to 116.89 units against the greenback from 115.74 in April 2022.

Leave a Comment

Your email address will not be published.