Public Service Vehicles also known as Matatus are set to increase their daily fares by 30 percent from tomorrow following the increase in fuel prices last week by the Energy and Petroleum Regulatory Authority .
According to the Matatu Owners Association chairman Albert Karakacha, the adjustment of fares will cushion the investors in the transport sector under the organization.
Karagacha stated that they are engaging Government agencies and fuel supplies in a bid to find ways of cushioning the public service operators and commuters.
Petrol is retailing at Sh195 up from Sh179 when EPRA announced the new fuel prices.
This follows an ultimatum between Okiya Omtatah who wanted to petition EPRA for contempt of court order and its Managing Director Daniel Kiptoo Bargoria over the downward review of prices last week.
Omtatah has threatened to file the petition against EPRA if they don’t retain the earlier prices following the suspension of the entire Finance act 2023.