Ola, Uber fares may surge at thrice the base price

The cab aggregators may be permitted to charge the customers up to three times during high demand periods.

As reported by Business Standard, the government may soon impose new regulations for the industry. As per the regulations, there will be a specified allowable limit for the cab aggregators like Ola and Uber to surge prices.

For the first time, the new motor vehicle law recognises cab aggregators as digital intermediaries or marketplaces. Earlier, the rules did not recognise cab aggregators as separate entities, hence firms such as Uber and Ola had to operate in a grey zone.

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