Taxi-hailing firm Bolt has adjusted its fares following the recent review by the Energy and Petroleum Regulatory Authority (EPRA).
In a statement Wednesday, the firm said it had increased minimum fares with a range of KES 200 Kenyan and KES 250, and base fares ranging from KES 70 and KES 100, across categories.
“In Nairobi, the increased prices have been effected in all categories with the base fare ranging from KES 70 and KES 100 across the economy, base, boda and XL categories. The minimum fare has also been increased per kilometer pricing and introduced a long-distance rate,” the statement said.
Bolt Country Manager Linda Ndungu said the price adjustment was aimed at mitigating fuel costs for drivers and would be implemented across all categories in Bolt’s Mombasa, Kisumu, Kakamega, Nakuru, Naivasha and Mt. Kenya region networks.
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“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. As such, we have adjusted our pricing to mitigate the rising fuel costs. This adjustment reaffirms our commitment to offering top earning for drivers our platform, and to remain the preferred, cost-effective choice for our customers,” said Ndungu.
Last week EPRA pushed fuel prices per liter in Nairobi to KES 217.36 for petrol, KES 205.47 for diesel, and KES 204.46 for kerosene. These increments have continued to squeeze key economic drivers as well as household budgets resulting in an unprecedented sky-high cost of living which also affected Bolt drivers.
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