Ride-hailing App Bolt has revised its fares in response to the surge in fuel costs, adding more pain to the runaway high living costs.
The fare adjustments encompass a range of minimum fares, with an increase ranging from Ksh.200 to Ksh.250.
This strategic move aims to counterbalance the elevated operational costs faced by Bolt’s network of drivers, ensuring their financial sustainability during these challenging times.
Linda Ndung’u, Country Manager at Bolt, emphasized their commitment to providing drivers with lucrative earnings, simultaneously maintaining a cost-effective platform for their esteemed customers.
“These adjustments reaffirm our commitments to offering top earnings for drivers on our platform, and to remain the preferred, cost-effective to our customers,” said Ndung’u.
The repercussions of the Energy Petroleum and Regulatory Authority (EPRA)’s fuel price increments are reverberating across Kenya’s public transportation sector, with motorists and passengers bearing the brunt of this financial strain.
In Nairobi, all service categories including economy, base, boda, and XL, will see rates surge by 42% to Ksh.100.
For a sustained quality of service for Bolt drivers, the ride-hailing company has introduced price adjustments for every kilometer traveled and unveiled a long-distance rate structure.