Manufacturers, matatu operators go mute after fuel prices fall sharply - News Summed Up

Manufacturers, matatu operators go mute after fuel prices fall sharply


The Motorists Association of Kenya even urged its members to keep off roads until they “get fair fuel prices in Kenya”. This month, the Energy and Petroleum Regulatory Authority (Epra) released the latest guidelines that reflected the international slump in crude oil prices. Pump prices dropped by the biggest margin since Kenya started controlling prices in 2010, with super fuel being cheaper than diesel for the first time. Manufacturers who have always ranked transport as a major cost of production, with every change in fuel costs translating to what customers pay for commodities, have demonstrated a loud silence over the relief, which is even expected to increase next month. “The failure to pass down these benefits is not anything around economics, it is impunity and lots of regulatory gaps.


Source: Daily Nation April 26, 2020 04:18 UTC



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