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Cab Aggregators' Surge Pricing To Be Capped At Thrice The Base Fare With Riders Read more at: https
Posted On : Saturday, December 21, 2019, 4:12 PM
The government may limit surge pricing by cab aggregators including Ola and Uber to thrice the base fare with some riders, while retaining their commission at approximately 20%. Further as told to the leading business daily by a government official privy to the development, surge pricing will be prohibited to some specific times of the day and the total number of rides or hours when it applies may also be capped. Surge pricing leads to increase in fare when the demand is on the higher side And with no transparency in the system, it gets troublesome for customers of cab aggregators.