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Uber Hikes UAE Fares as Petrol Prices Surge in Key Oil Producer

Uber Technologies Inc. raised fares in the United Arab Emirates amid a surge in gasoline prices that have outpaced increases in neighboring oil-rich states.

The ride-hailing company will charge as much as 11% more for some trips, it said in an email to customers. The hike is Uber’s second this year in the UAE, where petrol is three times more expensive than in Kuwait and almost double the average cost per liter in the six-member Gulf Cooperation Council.