Fares must drop after fuel price reduction: COFEK

January 17, 2015 1:41 pm
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Since the Energy Regulatory Commission (ERC) announced this month’s new fuel prices, with a significant drop, public services vehicle operators have not reviewed their charges. Photo/FILE.
Since the Energy Regulatory Commission (ERC) announced this month’s new fuel prices, with a significant drop, public services vehicle operators have not reviewed their charges. Photo/FILE.
NAIROBI, Kenya Jan 17 – The Consumer Federation of Kenya (COFEK) insists fares must drop countrywide following a reduction in fuel prices.

In a statement issued on Saturday, COFEK said there is no reason why passengers should continue paying high fares when fuel costs have dropped by 10 per cent.

“After evaluation of cost-recovery, taxes, insurance and consumables such as tyres and lubricants, we are convinced that a reduction of a minimum 5% for in-county and 10% reduction for inter-county commuting is mandatory,” COFEK’s Secretary General Stephen Mutoro said.

He now wants Transport Cabinet Secretary Michael Kamau to convene an urgent meeting with stakeholders to discuss the matter.

“We have been in touch with the Ministry, NTSA, MWA and MOA. We have requested the CS to convene an urgent roundtable meeting to discuss the extent to which fares must come down. In the meantime, we urge police to ensure that all PSV’s clearly display applicable maximum peak and off-peak fares,” he said.

Since the Energy Regulatory Commission (ERC) announced this month’s new fuel prices, with a significant drop, public services vehicle operators have not reviewed their charges.

In the latest review by the ERC which runs until February 14, a litre of super petrol in Nairobi is retailing at at Sh92.88 after shedding off Sh9.13.

Diesel in the capital city has dropped by Sh7.50 to retail at Sh83.35 while kerosene on the other hand decreased by Sh5.78 to sell at Sh65.59.

The prices will be lowest in Mombasa where a litre of super petrol will trade at Sh89.57, diesel at Sh80.06 and kerosene at Sh62.84.

In Nakuru, litre of super petrol will trade at Sh93.61 diesel at Sh84.26 and kerosene at Sh66.41 while in Kisumu a litre of super petrol will retail at Sh94.82, diesel at Sh85.48 and kerosene at Sh67.43.

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