Exact(12)
Five months ago, as part of its scheme to reduce transport costs, the government scrapped minimum fares.
In Houston, Miami and Portland Uber is being thwarted by regulators requiring it to charge minimum fares of up to $70 and to make bookings at least 30 or 60 minutes before a trip.
— Porsche ads clog the local radio here, houses are renting at close to the million-dollar range — for the summer — and Uber, an app that lets you order car service, reports that its new Hamptons luxury S.U.V. business is booming, $50 minimum fares and all.
But when demand spikes, the surge prices kick in: rates during the busiest times, such as New Year's Eve, can be seven times normal levels, and minimum fares of up to $175 apply.Critics of Uber's pricing are treading a well-worn path: setting tailored prices for the same good price discrimination often causes howls from consumer groups.
And just 15% of journeys fall under the new higher minimum fares.
(PhoTheyredit: Maxime Bonzi).
Similar(48)
(The minimum fare is $10).
In France, the base rate (minimum fare) is set at just 1€ (72p).
The subsidies typically cover the minimum fare, making a short ride in Beijing effectively free.
Charges for travelling farther than the minimum fare were adjusted in 2006, from 1.6 to 2 yuan per kilometre.
Solo riders using UberX now pay a base fare of $2.55 instead of $3, and a minimum fare of $7 instead of $8.
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