Uber Increases Fares By 15% In Mumbai To Offset Impact Of Rising Fuel Prices

App-based taxi service Uber has said that it has increased fare rates in Mumbai by 15 per cent for travel in Mumbai, Maharashtra. The company says that the rates have been hiked to offset the impact of rising fuel prices in the city. As of today, April 1, 2022, petrol prices in Mumbai stand at Rs. 116.72 per litre, whereas diesel is being retailed at Rs. 100.94 per litre in the city. Fuel prices in the country have gone up by Rs. 6.40 per litre between March 22, when they were hiked by up to 90 paise per litre after a hiatus of 137 days, and March 31, 2022.

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In a statement released by the company Nitish Bhushan, Head of Central Operations, Uber India, and South Asia, said, "Uber is raising trip fares in Mumbai by 15 per cent." He said the rise in fares was to "help cushion" drivers from the impact of the spike in fuel prices, adding "we listen to feedback from drivers and understand that the current rise in fuel prices is causing concern." Uber in its statement also said that over the coming weeks, it will continue to track fuel price movements and take further steps as and when needed.

Fuel prices in the country have gone up by Rs. 6.40 per litre between March 22 and March 31

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Fuel prices in India were recently increased on March 31, when both petrol and diesel prices have gone up 80 paise per litre. Prices of petrol in India are adjusted based on a number of factors including the global price of crude and exchange rates. For now, we could expect a further upward trend in petrol and diesel prices with crude facing demand-supply related issues in the past few months.