Transport cost rises despite directive taming fuel prices

matatu (1)

Matatus along Accra Road, Nairobi. FILE PHOTO | NMG

Transport costs shot up by a quarter last month despite a decline in fuel inflation following State intervention to stop the rise in pump prices.

With fuel prices at a 10-year high, the Energy and Petroleum Regulatory Authority (Epra) refrained from a pump price increase for diesel despite a rise in landed cost, instead of maintaining a lower oil marketers’ margin of Sh11.72 for a litre of diesel instead of the normal Sh12.36.

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Note: The results are not exact but very close to the actual.