Tanzania, April 3 -- Dar es Salaam. Ride-hailing platform Bolt has signalled a possible increase in fares as it seeks to cushion Tanzanian drivers from the impact of a sharp rise in fuel prices.

In a public statement issued on Thursday, the company said it was engaging with authorities and other stakeholders following a 33 percent surge in fuel costs, which has put pressure on drivers' earnings.

Bolt said the ongoing consultations could result in "proportionate fare adjustments" to reflect the increased fuel burden, or the introduction of alternative measures aimed at protecting driver incomes.

"As a platform committed to balancing affordability for riders with sustainable earnings for drivers, we are actively engaging with relevant au...