Uber announced that it will not raise the fares for its riders and will also fully forgo its service fee—20% of every trip—so as to increase profits for its drivers until 31 January 2017 in celebration of Uber’s two-year anniversary.
In light of the current economic situation and the increase in fuel prices, this strategy will allow every driver on the Uber platform to keep 100% of the fare from each completed trip. This also means that fare prices, which have remained the same since Uber launched two years ago, will remain unchanged for all riders in the short term.
Abdellatif Waked, Uber Egypt’s General Manager, expresses his satisfaction in being able to give back to every rider and driver who believes and supports Uber technology. “Partner drivers and riders are at the core of the success we have seen in Egypt. On Uber’s second anniversary, there is no better feeling than giving back to drivers and ensuring Uber riders have the most affordable ride in town. With the increase in the cost of living, we would like to lighten the burden of transportation as, after all, we are all in this together,” he said.
Until Uber has decided how it will best balance fare prices with the increase in fuel prices, amid the current economic situation, the move to fully forgo the service fee has been implemented—starting from November 28 until the end of January 2017.