Cab Fares Set to Rise During Peak Hours
Cab rides may soon become costlier during rush hours as the Union government has approved a new policy allowing cab aggregators like Ola, Uber, and Rapido to charge up to twice the base fare during peak times. The revised guidelines aim to help platforms balance supply and demand more effectively. While companies argue the surge pricing model incentivizes drivers during high-demand periods, consumer rights groups have raised concerns over fare affordability and transparency. The final implementation will depend on state governments, who are expected to notify specific regulations soon.