Matatu fares to hike tomorrow- Matatu Association announces.
In a statement from the Matatu Owners Association, they stated that Matatu fares to hike tomorrow, on Wednesday 5th of july, because of the increase in the fuel prices.
The Association argued that they have to cushion themselves from the hard economic hence after a long and hard contemplation, fare hike will be effected as of tomorrow.
Matatu Owners Association stated,”The sharp increase in fuel costs, coupled with other operational expenses, including an increase in the cost of spare parts, loan interests among others has forced us to reevaluate our pricing structure to ensure the continued sustainability of prices.”
According Owners Association, the fares will increase between KES 10 to 30 for areas around Nairobi, KES 10 to 50 in Metropolis towns, KES 30 to 70 in coastal regions, KES 20 for Nyanza and Rift Valley town services. For long-distance travel, rates are to increase from KES 100 to 200.
The Association however, issued a plea to the government, to subsidize fuel like the former president did, so that fare prices won’t be a burden to both the Owners and passengers.
They stated,”We urge the government to subsidize fuel services for PSV operators and alleviate the burden on both matatu operators and passengers.”
The Energy and Petroleum Regulatory Authority (EPRA) on Friday, 30, announced new fuel prices for July 2023, defying orders from Justice Mugure who suspended the Finance Act 2023.
EPRA cited that Value Added Tax (VAT) on fuel had rose from 8 percent to 16 percent which was indicated in the Finance Bill, 2023.
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