PSVs Contemplate Raising Fares Amid High Fuel Cost

Public service vehicle (PSV) operators pledged to hike prices in response to the high cost of fuel, which would hurt their profits.

They claim that in order to avoid suffering severe losses, they will be compelled to pass along more expenses to Kenyans.

In the PSV industry, fuel is a significant input expense whose final cost has an impact on the final fees that travelers must pay.

Operators are forced to pass on the cost to households when the price of the product rises.

The management is debating whether to increase the pricing, according to one of the top bus operators in the country who sought anonymity.

It occurs when the majority of Kenyans are struggling with the high price of food.

On Monday, EPRA increased prices for super, diesel, and kerosene in Nairobi by Sh3.40, Sh6.40, and Sh15.19, respectively.

This means that motorists in the city will have to fork out Sh182.7 for petrol, Sh168.4 for diesel, and Sh161.13 for kerosene.

Increasing expenses will also have an impact on other production aspects that require fuel to operate.

A two-kilogram packet of sugar recently increased by Sh55 to Sh420.

It struck just three months after Kenya received two ships full of sugar at the Port of Mombasa in an effort to lower the product’s high prices.

Data from the Sugar Directorate indicates that the volumes imported between January and March were 93,000 metric tons, compared to 46,000 in a similar period last year.