Sunday, May 26, 2024

Matatu Owners Association announce a 20 percent fare hike

The Matatu Owners Association has on Friday announced a 20 percent increase in fare taking effect immediately.

The increment which translates to Ksh 20 to Ksh 50 price hike is in accordance with the new fuel prices announced by the Energy Petroleum Regulatory Authority (EPRA).

Kenyans have expressed mixed reaction to the news with many lamenting on the high cost of living calling on the government to act swiftly. Some are blaming the government for not fulfilling their campaign promises and in turn do the complete opposite.

Appearing before the Energy Committee in Parliament, Energy CS Davis Chirchir told Kenyans to brace themselves for tough as the prices are from OPEC and there is nothing much they can do about it.

“We are likely to even be going to harder times. These are prices from OPEC and there is nothing much we can do about it,” he said

“There has been some 3.6 million barrels cut on a daily basis about 3.6 to 4 per cent and it is just unfortunate that we do not have our own product” said the CS

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