Bolt Kenya Hikes Fares to Cushion Drivers from Soaring Fuel Prices

Ride-hailing firm Bolt has raised fares to cushion its drivers from high fuel prices.

According to the review, the Estonian-based company raised fares from Sh70 to Sh100 across four driver platforms Economy, Base, Boda, and XL.

It has also increased the minimum fare, which now ranges between Sh200 and Sh250.

Since the implementation of a long-distance cost, pricing per kilometer has risen.

The increase comes after the Energy and Petroleum Regulatory Authority (EPRA) raised fuel prices by Sh5.72, diesel prices by Sh4.48, and kerosene prices by Sh2.45.

This increased Nairobi’s fuel prices to Sh217.36 for petrol, Sh205.47 for diesel and Sh204.46 for kerosene.

“At Bolt, the interests of our driver community remain at the heart of our business and we truly believe that happy drivers provide better quality service for customers,” Bolt Kenya Country Manager Linda Ndungu said.

“As such, we have adjusted our pricing to mitigate the rising fuel costs,” Ndungu added.

“This adjustment reaffirms our commitment to offering top earnings for drivers on our platform, and to remain the preferred, cost-effective choice for our customers.”

Increases in prices will be imposed across all categories in Mombasa, Kisumu, Kakamega, Nakuru, Naivasha, and Mount Kenya, according to Bolt.