9/13/2023 0 Comments Download bolt inWe believe this fare increase will have a positive impact on driver earnings while maintaining an affordable service for riders. According to the company: “Uber takes into consideration the economic climate in rolling out any price reviews. Uber, in a response to TechCabal, had taken a similar stance. We have made adjustments to our pricing to ensure they maintain drivers’ daily earnings after taking total cost into account,” the company told its drivers. Fares need to strike a balance such that passengers remain willing and able to request rides and drivers are able to remain profitable on each trip. “ An increase in fuel cost does not necessitate an equivalent increase in total fares as the fuel cost is only one part of driver costs. As such, since the cost of these other determinants didn’t increase, it is unjustified that that drivers are demanding a 200% increase. In that mail, Bolt said other items that play a big role in determining driver costs include car rental cost, vehicle maintenance/servicing cost, data/call cost, etc. Bolt also sent a mail which appeared to try to rationalise why a 270% increase in fuel prices mustn’t necessitated a commensurate hike in fares to its drivers. The Country Manager had, in a statement to Technext, contended that excessively high prices would discourage passengers from ordering rides and this will in turn affect drivers’ earnings. ![]() This was in response to a remark made by Bolt Country Manager, Yahaya Mohammed concerning the demands of the drivers. Bolt and Uber drivers currently boycotting the app companies for their refusal to increase trip fares to match the realities of fuel subsidy removal, have slammed the companies for trying to blackmail them into accepting unfavourable fares.
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