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Originally published by Capital Business
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business
May 12, 2026
1mo ago

Bolt raises fares by 6pc amid rising fuel costs

Bolt raises fares by 6pc amid rising fuel costs

In a statement, the Estonian-headquartered company said the adjustment followed feedback from drivers struggling with increased expenses. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Ride-hailing platform Bolt has increased its fares by 6 percent in Kenya to help drivers cope with rising fuel costs.

  • A 6 percent fare increase has been implemented by Bolt.
  • The decision was made by Bolt, an Estonian-headquartered company, in response to driver feedback.
  • This adjustment follows a recent price hike of Sh19.32 per litre for super petrol and Sh30.09 for diesel by the Energy and Petroleum Regulatory Authority.

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Global oil prices are predicted to stay above $100 for the rest of the year, even if the Strait of Hormuz reopens soon, according to JP Morgan. This forecast is based on ongoing supply disruptions and logistical challenges. Ride-hailing platform Bolt has increased its fares by 6 percent in Kenya to help drivers cope with rising fuel costs. Meanwhile, U.S. President Donald Trump intends to suspend the federal gas tax amid surging prices, according to CNN reporting.

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