Public Service Vehicle (PSV) operators have adjusted bus fare prices by 20% as fuel hike continues to increase and hit Kenyan consumers. The Federation of Public Transport Sector country wide fare hikes starting Monday (today) will affect all public transport vehicles across the country to factor in the recent fuel increase.
The Energy and Petroleum Regulatory Authority (EPRA) last week increased pump prices by sh 9 per litre pushing the cost of super and diesel to sh 159.12 and sh 140, respectively in Nairobi- the highest in Kenya’s history. Kerosene prices also went up by similar margin and will now retail at sh 127.
The latest rise will see petrol prices increase by sh 24 per litre in just three months, the highest increase in the cost of diesel and super in three months since Kenya started setting pump prices. This price record will unleash inflationary pressure on the cost of living as manufacturers of goods and services provide pass the increase cost of fuel to the consumers.
By Asma Shaban
