22 September 2018

Kenya: Matatu Operators in Nairobi to Slash Fares

Matatu fares could be reduced by Sh10 following into effect of the 8% VAT on Petroleum products after President Uhuru Kenyatta signed into law the Finance Bill 2018 on Friday.

According to Matatu Owners Association Chairman Simon Kimutai, who spoke on a local radio, they are considering reducing bus fare in Nairobi by about Sh10 in all routes.

"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 between Sh10 and Sh20," Kimutai said.

The Energy Regulatory Commission (ERC) has already announced lower fuel prices decreasing pump prices per liter of Super petrol and Diesel by Sh8.80 and Sh7.35 respectively in Nairobi.


ICJ to Begin Hearing of Kenya-Somalia Maritime Case in September

The hearing of the maritime dispute between Kenya and Somalia will start on September 9 and run through to September 13… Read more »

See What Everyone is Watching

Copyright © 2018 Nairobi News. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.