Uber announced it would raising prices for fares in the UAE while petrol prices have continued to increase.
The firm said that it would increase fares 11 percent for some trips, Uber said in an email to customers, Bloomberg reported. This marks the second time this year that the company has increased prices in the UAE.
Petrol prices have increased 56 percent since the start of the year in the UAE, Bloomberg said.
The cost of fuel is being impacted by an ongoing squeeze on energy prices and global inflation.
As such, petrol prices in the UAE have progressively risen from February this year, with global oil prices have stayed above $100 a barrel for most of 2022.
In response, UAE residents are considering switching away from petrol and diesel-run vehicles at higher rates than previously recorded, a survey found last month.
Follow us on
