Fares to remain high despite fuel price cut - News Summed Up

Fares to remain high despite fuel price cut


The slash on fuel prices will not benefit consumers as operators say they have no plans to lower fares. They argue their profit margins have greatly suffered from the impact of the curfew and social distancing directives. On Tuesday, the Energy and Petroleum Regulatory Authority in its monthly review reduced the cost of a litre of petrol and kerosene prices by Sh18 and Sh18.18 while a litre of diesel now costs Sh4.09 less. For the next month, a litre of super petrol will retail at Sh92.87, diesel at Sh97.56 and Kerosene at Sh77.28 in Nairobi. The public transport industry has suffered a major blow with the government directives on social distancing, workers to operate from home and 7 pm to 5 am curfew.


Source: The Star April 15, 2020 18:00 UTC



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