Lyft will add 55 cents fuel surcharge to each ride offered by its drivers to increase petrol prices.
Lyft will add 55 cents fuel surcharge to each ride offered to offset rising petrol prices.
The company said earlier this week that it would follow DoorDash and Uber who announced the surcharge this week, and on Wednesday it revealed details of its plans.
The company said in a blog post that the surcharge would take effect next week, with all money going directly to its drivers. The measure will remain in place for at least the next 60 days, Lift said.
The surcharge does not apply to New York City because the minimum income for drivers has recently increased by 5.3%. The agency is also working to enforce the surcharge in Nevada, but says state regulatory requirements prevent an immediate rollout there.
Lyft drivers can also apply for a Lyft Direct debit card by June 30 to receive a 4% to 5% increased cash back on gas purchases. Lyft also has a partnership with GetUpside that was announced in January that could help most of its drivers get cash. Back to gas purchases.
The San Francisco company said: “We will keep an eye on gas prices, listen to how drivers are being affected, and find ways to support them as things evolve.”
Shares of the company rose 4% on Wednesday.
DoorDash said on Tuesday that buying gas using the company’s debit card, DasherDirect, designed for drivers, would give drivers a 10% cash back. The company says it will start offering weekly bonuses for drivers who drive the most miles. And Uber has announced that it will start charging fuel fees from customers to offset the high costs for its delivery and ride-hauling drivers.
Russia’s escalating war in Ukraine has helped push up gas prices in the United States. The average U.S. price of regular-grade gasoline has risen 79 cents over the past two weeks to a record-setting $ 4.43 per gallon (3.8 liters).