The Kenya National Bureau of Statistics on Monday, December 31, revealed that matatu fares saw a hike despite a reduction in fuel prices this month.
In its year-on-year Consumer Price Index (CPI) inflation report, the KNBS disclosed that matatu fares in December 2024 increased by 50 per cent despite a litre of diesel and petrol decreasing by 1.8 per cent and 2.4 per cent respectively. Further, EPRA, in its latest December fuel review, reduced the fuel prices of Super Petrol, Diesel and Kerosene. In its announcement, the regulator announced that the maximum allowed petroleum pump prices for Super Petrol, Diesel, and Kerosene decreased by Ksh4.37 per litre, Ksh3 per litre, and Ksh3 per litre respectively. This was the lowest pump price in nearly two years.
A man fueling a car at a petrol station Photo New Vision Following the communiqué, the prices of Super Petrol, Diesel, and Kerosene were set at Ksh176.29, Diesel at Ksh165.06, and Kerosene at Ksh148.39 respectively.
EPRA noted that the calculated maximum retail prices for petroleum products would be in force for the next 30 days from Sunday, December 15 to January 14, 2025.
