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    1.0.32

    Train Users to Pay More Following Fuel Price Increase

    Fred
    By Fred Obura
    - November 01, 2023
    - November 01, 2023
    EnergyKenya Business news
    Train Users to Pay More Following Fuel Price Increase

    The recent significant increase in fuel prices has hit railway users following review of prices announced by the Kenya Railways.

    The upward review will affect Madaraka Express Passenger Service, Nairobi Commutter Rail Service, Kisumu Safari Train and the Nanyuki Safari Train.

    “This increase is informed by changes in the energy and petroleum sector where prices of fuel have significantly increased thus affecting the cost of our operations,” reads a statement from Kenya Railways Management.

    “The new fares come into effect on January 1, 2024. Customers making advance purchases for Madaraka Express Passenger Service will notice the adjusted fares as of November 1, 2023 to take into account the advance ticket purchasing window of 60 days,” the management said.

    • •Passengers travelling on Madaraka Express economy from Nairobi to Mombasa will part with Sh1500 up from Sh1000; Nairobi to Mombasa on First Class will cost Sh4500.
    • •Children aged between three and 11 travelling with adults will pay half the fare while children aged over 11 years will pay the full fare. Only children below three years old will be exempted from paying.

    The Energy Petroleum Regulatory Authority (EPRA) last month increased the price of Super Petrol by Sh5.72 per litre, Diesel by Sh4.48 per litre and Kerosene by Sh2.45 per litre.

    This means that Nairobi residents now pay Sh217.36 for petrol, Sh205.47 for diesel, and Sh204.46 for kerosene.

    EPRA attributes higher prices to an increase in the average landed cost of imported super that went up by 3.93 percent to $805.14 in September from the previous month.

    Likewise, diesel rose by 7.07 percent to $845.72 per cubic metre, while kerosene increased by 5.01 percent to $868.70 per cubic metre during the same period.

    Fuel prices hit historic highs in September after the state introduced an additional eight percent value-added tax (VAT) to 16 percent, pushing commodity prices to historic highs.

    Madaraka Express to Resume Passenger Services (kenyanwallstreet.com)

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
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