Written By Mary Mumbua 📝
Bolt, Africa’s largest ride-sharing company, has announced a 4% fare increase to protect driver earnings from a 3.9% increase in fuel costs.
According to Bolt, the 4% increase, which equates to Ksh.0.47, will be charged per kilometer on each completed trip, raising the fee per kilometer from KES 26.90 to KES 27.27.
Similarly, Bolt has increased the minimum fare for the Lite category from Ksh.150 to Ksh.180, as well as the start fee from Ksh.55 to Ksh.70.
Bolt Eastern Africa regional manager Kenneth Micah said in a statement on Monday that the new prices will reflect current market realities and will protect against rising fuel costs.
“We have therefore reviewed our pricing to reflect the current market realities. We are confident that this increase in fares will cushion against the 3.9% rise in fuel cost, and therefore contribute to sustained strong earnings on the platform,” he said.
As the company reviews fares in other cities in accordance with EPRA guidelines on fuel prices per city, the changes will be implemented in Nairobi across all Bolt ride categories.
Email: uzalendonews24@gmail.com to submit your story.
SUBSCRIBE TO OUR YOUTUBE CHANNEL
