Uber might now be able to charge thrice as much in India

It appears there will be no escape from inflated taxi fares for now.

A new set of guidelines released by India’s central government reveals that ride-hailing services such as Uber and its local counterpart, Ola, can now charge customers three times the minimum fare during the day, and up to four times between midnight and 5 a.m.

However, the minimum fare will still have to be submitted by these companies to the state transport departments for approval, reported the Times of India on Thursday. 

The surge pricing will extend only to vehicles that are less than 4m (13 ft) in length, which apply to UberGO and Ola Micro services, that are classified as "economy taxis" in the country. Read more...