Saturday, April 13, 2024

Transport operators to increase fares as petrol prices go up by Sh5

The government through the Energy and Petroleum Regulatory Authority (EPRA) has increased the pump prices for petrol and diesel by Sh5 per litre.

The Kenya Transporters Association (KTA) has since responded to the rise in the cost of the commodity advising it’s members to increase transport cost.

“KTA wishes to advise all transporters countrywide to increase their transport rates by a minimum of five per cent to sustain there businesses under the current circumstances and to circumvent a total collapse of their businesses,” read the notice.

KTA noted that fuel costs contribute up to 35 per cent of total direct transport costs and indirectly affects other costs like tyres and spare parts.

The association further lamented the transporters margins can no longer sustain any increase in the costs and regrettably have to past it to road users.

This will see fare charges and cargo fees rise in all parts of the country.

The price of petrol will now retail at Sh134.72 while diesel at Sh115.60.

Austine Ogalo
Lake Region Bulletin is your one stop multi-media platform for news and stories from the Lake Region counties of Kisumu, Siaya, Homabay ,Migori, Siaya, Kissi,Nyamira, Vihiga, Kakamega, Busia, Bungoma, Trans Nzoia, Nandi, Kericho and Bomet

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