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The news:
- Bolt has increased ride prices in Nigeria following the fuel subsidy removal.
- Prices in Lagos were the highest, followed by Port Harcourt, Abuja, and Benin City.
- The price increase falls below the expectation of drivers.
Ride-hailing platform, Bolt has officially released new prices for its rides in Nigeria following the removal of fuel subsidy in the country.
According to its official statement, ride prices in Nigeria are changing from Friday, June 2, 2023. It said the price change is due to “increased operating costs drivers incur while driving with Bolt.”
While it announced prices in different Nigerian cities, Lagos” prices were the highest.
New Bolt prices in Lagos
In Lagos, the base fare, which was formally ₦450, has seen a 17% increase, going from ₦450 to ₦527. Price per kilometre went up by 36.84% — ₦95 to ₦130.
Price charged per minute is now ₦23, up from ₦17, representing a 35.29% increase. Minimum fares on Bolt…
