Lyft joins Uber in charging riders for rising fuel prices

Published

2 years ago

March 15, 2022

Natasha Schapova

Rideshare company Lyft is now joining Uber in adding a surcharge on its trips to make up for rising petrol prices

This temporary fee will go directly to drivers to help them deal with the surging costs in filling up their tanks.

It is still unclear exactly how much riders are expected to pay in additional fees.

This change comes as more and more drivers have become more upset with rising petrol prices in recent weeks, eating into their earnings.

Some drivers had even threatened to quit and called on rideshare companies to step in to help relieve some costs.

This follows a steep increase in petrol prices around the world amidst the war in Ukraine, with the U.S. seeing increases of over one dollar per litre compared to the previous year.

Uber announced only last week that it would also be adding a surcharge on fares and deliveries within the U.S. and Canada for a minimum of two months.

Uber users will pay up to 55 cents more per trip, with Uber Eats deliveries incurring up to a 45 cent surcharge.

Why is “Stagflation” so significant?

Published

4 mins ago

May 6, 2024

ticker NEWS

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

Money

Unpacking crypto ‘prop trading’

Published

2 days ago

May 4, 2024

ticker NEWS

What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.

Money

The art of technical analysis

Published

3 days ago

May 3, 2024

ticker NEWS

How can we master the art of technical analysis in the crypto space?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne unpacks technical analysis and how it can up your crypto game.