Matatu Owners to reduce bus fare after 8% VAT takes effect

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Kenyans using Kerosene will face tougher times as the government increases the price of the commodity from Sh97.70 to 108.41.

In a revised price list, Energy Regulatory Commission said  Kerosene prices will go up  after taking into account the anti-adulteration levy of ksh 18 per liter on kerosene as factored in the just signed finance bill of 2018.

But as Kenyans continues to go deeper in their pockets for Kerosene , the super diesel and petrol users mainly motorists will have some relief as the prices of the two have been reduced by 7 shillings.

Speaking to Ghetto Radio News Matatu Owners Association chairman Simon Kimutai said they are considering reducing fares by 10 shillings in all routes.

Kenyans have however expressed their displeasure at the just signed finance bill saying it will take the cost of living through the roof.

“Matatus  will only reduce its fares accordingly after evaluating the 8% VAT and how it will affect fuel prices and the matatu business. The fare will reduce after consultation with all the saccos and it will be bewteen ksh.10 and ksh.20.” he said

 

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