Uber Proposes Cut to NYC Driver Base Pay on Lower Gas Prices
- Gasoline prices have fallen about 38% from their 2022 peak
- Uber, driver group have been lobbying for various rule changes
In Uber’s petition, the company is asking for the per-mile rate to be lowered as it said driving costs have remained steady or decreased over the past few years.
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Uber Technologies Inc. is proposing a cut to New York City drivers’ base pay rate, among other recommendations, as it seeks to lower prices of rides in one of its largest markets.
The company would like the city’s Taxi and Limousine Commission, which sets minimum driver pay, to reduce the per-mile rate in its driver pay formula by 6.1% to $1.277 from the current $1.360, according to a letter it delivered to the regulator on Monday seen by Bloomberg News. In the letter, the firm cites falling gasoline prices as a reason for cutting the rate.