Brendan Marshall, senior Matatu Owners Association (MOA) official has revealed that they would reduce the city’s matatu fare amount by Ksh20, during off-peak hours depending on the route, following yesterday’s review of fuel pump prices by EPRA.

Marshall expressed confidence that the passengers would be the beneficiaries if the fuel prices continue to drop in the coming months.

“As investors, we welcome it because the business of PSVs is based on fuel prices. So it means service fees and maintenance will go down and the crew will be able to hit the set targets. We hope insurance premiums also go down,” he said.

On Thursday, March 14, the Energy and Petroleum Regulatory Authority (EPRA) lowered the prices of petrol, diesel, and Kerosene by Ksh7.21, Ksh5.09, and Ksh4.49 respectively.

This translated to a drop below the Ksh200 mark for petrol as it will retail at Ksh199.15 while Diesel and Kerosene will go for Ksh190.38 and Ksh188.74.