Uber, Ola hikes cab fares in major cities as fuel prices rise

Bengaluru: US-based ride-hailing company Uber has raised trip fares in Delhi-NCR, Kolkata, Mumbai and Hyderabad, as fuel prices have breached the Rs 100-mark in several cities.

“We listen to feedback from drivers and understand that the current rise in fuel prices is causing concern. To help cushion drivers from the impact of spike in fuel prices, Uber has raised trip fares in cities such as Delhi-NCR and Kolkata by 12% and in Mumbai and Hyderabad by 15%, respectively,” Nitish Bhushan, head of central operations, Uber India and South Asia, told ET.

“Over the coming weeks, we will continue to track fuel price movements and will take further steps as needed,” he added.

A source aware of the matter said the fare price hike is limited to the car categories and that auto rickshaw fares have not been revised since these are dictated by states independently.

Rival Ola did not respond to ET’s queries on fare price hikes.

Ola has also increased fare rates in major cities.

Discover the stories of your interest



ET has reviewed a copy of an email sent by the company to drivers in Hyderabad, according to which fares have been hiked by 16% for its “mini” and “prime” cabs.

The hike in rates comes days after Ola and Uber cab drivers went on strike in the national capital demanding an increase in fares.

The price of petrol has hit Rs 120.51 per litre in Mumbai, while diesel prices have hit Rs 104 per litre. In Delhi, petrol costs Rs 105 while diesel prices stood at Rs 96 as of April 12. In Kolkata, petrol costs Rs 115.12 while diesel is priced at Rs 99.83 per litre.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.

For all the latest Technology News Click Here 

Read original article here

Denial of responsibility! TechAI is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.