₦airaland Forum

ReadaDream:
I'm not sure, all the request that came in yesterday, none showed destination.

I just updated my App this morning, although I'm not working but I'm online. I'll update you if it shows.

Wa gbayi baba. If its true,Bolt's pool will shrink considerably.

@ Readadream, is it true? I just saw a screenshot on a group..it reveals uber now shows destination.. interesting

Pearl1910:
I go better school so I pick my words very well.
A days work is a days work and half day is half day. Any day I work a days work, I make minimum 20k Net. I don't say this to impress anybody, it's something I should even b hidding, Like most people do their earnings.
I have done this for many years, now I don't drive everyday again because I have other businesses I am engaged in. But the day I drive full day like on Friday last week, there is no way I will not make 20k take home.

I would have said okay and ignore ur post, but because I went to church today, I want to use my church mind and give u a respectable response.

Now ,you are differentiating ," half day and full day.". but your former post said you make 20-30k net daily ,note the word " DAILY " and not the new terms " half day and full day" you are just introducing...

You posted that screenshot yourself. and you can see that there's no reality of 20-30k net daily there.

I'm always interested in putting things in proper perspective because a lot of people draw decisions from misleading posts like yours. Ignoring the post won't change my opinion which is stating the true picture of the situation.

Glithronix shared an estimate for Saturday which is possible if you put in the required work, but he can't tell me that he does 25k (20-30k) net DAILY (MON - SUNDAYS) . Some days ,yes, but not DAILY.

This is the point I'm driving, proper perspective.

Pearl1910:
If they do, fine.
If they don't, we should gallop ahead.

I remember when I started this hussle, Bolt commission was 15% and I usually Net 10k daily. But fast forward to today, commission is 25% and I am netting 20k to 30k daily.
If it's by increasing commission that I will earn more, then they should continue increasing the commission o.
Indrive that is 10% isn't giving me more profits. I have said it before, their commission is not my business but what enters my pocket.

Pearl,you don't net 20k-30k daily. Some days,yes but not everyday ,put it in proper perspective, no exaggeration, a lot of people read this thread.

One hungry driver picked a dummy ride from ICM to Lakowe for 8k +.
The other guy that ordered said he was shocked😲
that a fellow driver could pick such a ride. . He didn't believe that a driver could drive down for such measly pay.

I mean how desperate can you be! ICM to lakowe for 8k plus @ 488per litre. What could be the cause? Low self esteem, being naturally dumb or what?

dapotemi:
You CAN NEVER gross 6k consecutively with 1k fuel...sometimes you get lucky and you just get this lovely trip, so you gross 6k with 1k.. it's not something that happen often unless ALL your pick up na 1 mins.....We sef dey drive..The lie here is TOO MUCH! I wonder what am still doing here!!!!!!!

Na pearl say him dey gross 75k with 9k fuel.

lanrexdo:
The last time for reprint was 12k

Cant say for now.

When was this? and how fast are the plates ready?

Running the numbers

BOLT SAPA NEW PRICE TEMPLATE

BASE FARE- 517
PER KM- 130
PER/MIN- 23.3

ETA- 35min
Distance- 30km

Ogba Excellence Hotel ---- ADEOLA ODEKU, VICTORIA ISLAND

Fuel @ 25 litres @ 488 - #12,200

FARE ESTIMATE- 517+ (130*30) +(23.3*35)
= 5,232.50
25%COMMISSION = 1,308
Income to driver = # 3,923.

You are going to drive over 90km working FREE for Bolt with ZERO profit before you can recover your fuel cost. (12,200)..
The is the best scenario for Lagos traffic situation,with the new fuel price ,the more traffic time, the more losses you incur driving on Bolt.

The numbers don't lie.

Gentlelife50:
https://www.nairaland.com/7712726/nlc-commence-nationwide-strike-wednesday

Wahala

The labour guys are just acting a script.. Don't believe them.

To every driver, if this is the new Bolt tariff, if you drive on Bolt,you will run @ a loss. Bolt has done nothing so far.

Let's look at the numbers.

Average fuel per full work day- 25 litres. @ 185- #4,625

Average fuel- @ 488 - #12,200.

Diff in fuel cost- # 7,575.

7,575
-------- * 100% = 163.7%
4,625


That means your fuel cost has increased by 163.7%

Let's look @ fare increase.

Bolt old price - 104/km. Not sure
Bolt new price - 130/km

130 -104 = 26 naira increase in fares

26
---- * 100 = 25% increase in fares.
104

163.7% increase in cost to driver but only 25% increase on fares.

163.7% of driver versus 25% of Bolt.


Bolt cares only about their 25%. At the former old price template,Bolt's business objectives will be met. So there's no real motivation to increase fares. Driving does not make you dumb.

Be guided.

YeyeGbami:
Bella don drop motivational quote

Can you see that they deliberately omitted the price per km.? . Fuel ( a major cost input) shot up above 150%, please what rate did fares go to.?
#700 to #800. . Bolt is a joker.

ReadaDream:
So you gross 47k with 15ltrs fuel? Okay o

The numbers are not adding up.

CheerfulGiver:
Like I keep saying, conditions now are better than before fuel increment. You've not just seen it. I've grossed 90k in the last two days without doing any extra work apart from bidding on trips that meet my strategy.


I Divide my hour by 7k or simply do 100 naira per minute.

I have about 13 hours to work or 60mins x 13 which is 780 mins.

Each minute is 100 naira which is a potential 78,000

All I need out of the 78k is only 45k. It guides me in choosing and bidding trips.

This thing is a blessing in disguise.

Maybe on the island.. this my area for mainland, indrive riders here don't want danfo and keke and yet they still quote funny fares.. some will even be on the same quote for 2 hours plus.. I am amazed sometimes..

northbird:
If you are on Bolt. Park the car and sit @ home today. Life transforming ideas won't hit you while sitting on the wheels.
Don't waste precious 488 fuel on evening rush traffic....

In the immediate, this is the only solution. Park the car and observe.
For those on hp and rentals, it still boils down to the reality people tend to avoid ..

You are in a racket that if you miss work for just 5 days,you are going to feel the full impact on your income. That's why you still see a lot of drivers working. They can't miss work for 3 days. it's doom for them.

If 488/l remains and no significant fare change,this is the end of ehailing for me.

I glanced through the email from Bolt and I chuckle, just a play of words, if you believe Bolt will match fares commensurate to the rate of fuel increase, then you can believe anything ...

25% cut of the old price template will give them their desired KPI. So it's gets juicer for them,25% is all they need...

pope191:
Today's stress is not worth it... simple!

. I have been at home, meditating. Two ideas don drop already. ......they will never have dropped on me running around Lagos

If you are on Bolt. Park the car and sit @ home today. Life transforming ideas won't hit you while sitting on the wheels.
Don't waste precious 488 fuel on evening rush traffic....

If you have bought fuel @ 488/litre and you are on the mainland. Today,I will advise you to park your car . If not you will just slave away for Bolt today.

This 488 per litre has made indrive obsolete, there's no tutorial anywhere that can reconcile the fares with the cost of fuel right now.

pope191:
Nah siddon look we deh like this. 15k plus 500 tax. No reach anywhere

Baba @ least you have fuel to move around. I don't want to imagine a scenario car stops on the road because of fuel.
Towing vans right now go dey bill like demons ..

MoonlightDrive:
https://www.nairaland.com/7709741/moove-impounding-uber-drivers-cars

There is disquiet in uber land.
By the time we now factor petrol subsidy removal, ... the road ahead looks pretty rough for moove.

Moove never understood ehailing abinitio.. i cant fathom how they brought 2014 corrollas to be plying Lagos roads . I mean ,no street orientation, boardroom analysis only
their Uber partner too bills like cars are maintained with coins. I'm sure nobody told them before withdrawing those cars.

It's quite obvious those susuki are not making enough money,because what will make their drivers to be on that other side,low-key.

ReadaDream:
Argh no be my car interior be that

That's a BMW 425i interior.

. That interior mad ... offlines steady, see dashboard..

ReadaDream:
Baba na because the price wey the woman knack me shock me ni o.

The price send me go where I no know.

Baba your interior mad ghan . No wonder offlines just line up for your side.

pope191:
Nah so... thinking of going home

Buy 25 litres @ least. But you have to Ditch Indrive fast.., that app is not in tandem with current realities in Lagos. Over 25km. 3800 naira for a trip of close to 2 hours @
Roughly #500/litre. That's not nice.

Pope, how far? I just saw on a group that Nnpc @ berger selling @ 488.

Right now,normal fares on indrive, no indication that fuel is scarce @ all. Indrive has made riders used to dictating fares, I don't know how they will correct that, Bolt put surge, but can it be sustainable day in day out?. Cos eventually fuel will leave 185/l and approach towards 400 ish/l.

Fuel is a major cost input. Infact,fuel takes @ least 20% of the gross income, that's really significant

pope191:
Abeg boss do you have anywhere? It is 5 hours now

Stay there Pope, which fuel are you going to use to scout for fuel stations again..

Normal normal, na 5am person dey chose fuel stations to buy.

Still @ home. Reluctant to use the fuel

pope191:
Notice to which effect boss? Do we have a running budget before the announcement? When is this announcement supposed to take effect. Just as the buyer is confused and will blame the seller, so will the seller blame the distributor and the distributor will shift the blame to nnpc and unavailability of dollars.

Crazy! I leave in a religious country filled with hypocrites... everybody be praying on social media. Common man already have is life and plan altered like this, nah when e won enter korope e go understand. I've been out looking for gas, story Nah siddon look we deh like this, needless blaming anyone. Let's enjoy the our new hope in peace

Most filling stations still have old stock. Even if it was announced in acceptance speech, there's still going to be an official memo from NNPC on the issue.
Cos if subsidy has been removed, what's now the new price.? Nobody knows ,everyone is just speculating. I bought 7.5k worth of fuel yesterday @ mobil alausa. Didn't go out today.
Can't waste precious fuel on stupid bolt fares.

Most fuel stations have fuel ,but they hoard to take benefit of the new price.
However, NNPC has not given a notice to that effect.

abiolag:
Thank u so much boss

👍

abiolag:
Thank u so much. I’ll be glad if I can get d contact of d guy at agidingbi so I can know if he will be at workshop tomorrow. Someone was even telling me to get a double cell radiator but I told him my single cell is not shorting water

@ readadream can help you with the guy's contact.

obinoral1179:
Do you have is contact, though I saw someone washing and fixing radiator at first gate but I need to sure is the one..

No. I don't. @ readadream can help with the contact.