Uber Fares Increase By 15% In Mumbai, Upto 10% In Delhi-NCR: Find Out Why?
In a recent development, Uber India, the ride hailing company announced the hike in cab prices by 12% in order to offset rising fuel cost.
Uber Fare Increase
Uber India, the app-based cab aggregator has announced increasing the fares by 12 percent in Delhi-NCR.
Recently, Ola, Uber drivers in Bengaluru refused to switch on AC in cabs due to this reason.
The CNG price in the national capital has increased by Rs 12.48 per kg since March and currently stands at Rs 69.11.
It seems that the step has been taken in light of rising fuel prices.
Prior to this, the same company had increased the trip fares by 15 percent in Mumbai.
The head of central operations, Uber India and South Asia, Nitish Bhushan said, “to help cushion drivers from the impact, Uber has raised trip fares in Delhi-NCR by 12%. Over the coming weeks, we will continue to track fuel price movements and will take further steps as needed,”.
Further clarifying Uber said that the increase would be calculated on the base fare of a trip, notwithstanding the time of travel.
According to the reports, the hike won’t be linked with the surge pricing.
In another development, Ola, Uber drivers refused to switch on AC for passengers in Hyderabad, due to this reason.
Increase in Fuel Prices
The increase comes as the government has more than doubled the natural gas prices to $6.1 per million British thermal units from April 1.
In 18 days, there have been 14 increases in prices since the ending of a four-and-half-month long hiatus in rate revision on March 22.
This way bringing the total increase in rates in 16 days to Rs 10 per liter.
Presently, Petrol in Delhi costs Rs 105.41 per liter and diesel costs Rs 96.6.
Similarly, one liter of petrol costs Rs 105.86 and Rs 97.10 for one liter of diesel in Gurugram.
In the meantime, crude oil prices continued to fall on Monday.
This was in hopes of easing supplies after members of the International Energy Agency (IEA) agreed to release a total of 120 million barrels of oil from their emergency reserves last week.
In Monday’s trading session, Brent futures fell below $100 per barrel.