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Home Business News Business

Uber increases fares by 13% in Lagos

Abiola Odutola by Abiola Odutola
May 10, 2021
in Business
Uber lay off employees, Uber cut operation cost, Uber drivers protest, Uber shares, Uber list on New York Stock Exchange, Uber first day of trading on NYSE, Uber, Ride-hailing companies in Nigeria

Uber ride-hailing company

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Uber has increased the rate of its economy option (UberX) by 13% in Lagos from May 11, 2021.

This was disclosed by the ride-hailing firm via e-mail sent to its drivers to educate them on the motive behind the hike.

It stated, “At Uber, we remain committed to providing a reliable earning opportunity for driver-partners, as well as a reliable and affordable service for riders. With this in mind, starting 11th May 2021, we are increasing prices on UberX by about 13%.”

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The new billing structure will affect both peak and off-peak periods. It also reflects a time-based pricing that enables drivers to earn more at certain periods during the day.

Highlights of the new fares

  • Monday 08:00 am – 12:00 pm and Tuesday – Friday 05:00 am – 12:00 pm – Minimum fare: N538; Base fare: N237; Per kilometre fare: N70; Per minute fare: N12.
  • Other time periods – Minimum fare: N575; Base fare: N255; Per kilometre fare: N75 and Per-minute fare: N12.5.

Follow us for Breaking News and Market Intelligence.
Tags: Uber NigeriaUberX in Lagos
Abiola Odutola

Abiola Odutola

For further inquiries about this article, contact: Email: abiola.odutola@nairametrics.com Twitter: @AbiolaOdutola @nairametrics

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