, NAIROBI, Kenya, May 15 – The Matatu Owners Association will not reduce fares despite lower fuel prices announced on Tuesday, saying the reduction has no significant impact.
Speaking to Capital FM News, Chairman Simon Kimutai said on Wednesday that fuel prices are just one factor in the cost of running a Public Service Vehicle.
He stated that the cost of various components of running PSVs should be considered before fares can be reduced.
“We cannot even feel the impact of the reduction of these prices. The reason is that today it will come down Sh5 tomorrow it will go up by Sh6,” he said.
He however called on operators to desist from arbitrarily increasing fares.
His sentiments followed the drop in fuel pump prices by the Energy Regulatory Commission by over Sh4 a litre for the next one month.
The price of super petrol was reduced by Sh4.41 to retail at Sh113.24 in Nairobi, diesel by Sh5.38 to trade at Sh101.06 while a litre of kerosene will cost Sh79.46 after a Sh4.37 reduction.
The ERC said the drop was largely due to the decrease in crude prices and the cost of import.
The average landed cost of imported diesel decreased by 4.99percent from $1,008.26 per tonne in March 2013 to $957.94 per tonne in April.
The lowest prices will be in Mombasa where a litre of super petrol will sell at Sh109, diesel at Sh97 and kerosene at Sh76.68 while in Mandera, super petrol will cost Sh125.76, diesel 113.58 and kerosene at Sh91.98, the highest cost countrywide.
In Nakuru a litre of super petrol will cost Sh113.83, diesel Sh101.88 and Sh80.24 for a litre of kerosene while in Kisumu, super petrol will cost Sh115, diesel at Sh103.05 with kerosene retailing at Sh81.26.