Ride-hailing company Bolt has announced a fare increase in response to the surging fuel prices that have been affecting its drivers’ earnings.
- The new pricing structure includes adjustments to the base fare, per kilometer rates, and the introduction of a long-distance rate across different service categories.
- The fare increase aims to cushion Bolt’s drivers from the impact of record-high fuel prices, which have significantly reduced their profit margins.
- The price adjustments will be implemented not only in Nairobi but also in other key Kenyan cities, including Mombasa, Kisumu, Kakamega, Nakuru, Naivasha, and the Mount Kenya region.
- Bolt’s decision to raise fares is driven by its commitment to supporting and maintaining the quality service provided by its driver community.
- The move comes after the Energy and Petroleum Regulatory Authority (EPRA) announced a significant increase in fuel prices, with petrol, diesel, and kerosene reaching new record highs.
- Bolt’s fare adjustment is expected to provide drivers with predictable earnings while also striking a balance between customer preferences and affordability.