Uber Sues to Block Price Hikes for Driver Fare in NYC

Uber filed a lawsuit against the New York City Taxi & Limousine Commission (TLC) on Friday to block a mandatory price hike for ride-share drivers in New York City. The TLC submitted the proposal in August and according to Uber, the law that passed last month will result in an increase in the per-minute rate for ride-hail apps and taxi drivers by 7.18% per minute and 16.11% per mile.

However, a TLC spokesperson said in an email to Gizmodo that under its new rules, the minimum rate per minute will increase by 7.42% while the minimum rate per mile will increase by 23.93%. This will amount to an increase in rider fares by $2.50 per ride, according to the TLC.

In its lawsuit, Uber has requested that the court issue a temporary restraining order and preliminary injunction to block the ruling while the company’s petition is under review. This is the first metered fare increase since 2012, and a TLC spokesperson told CNBC last month that the change was filed in an attempt to attract more taxis and drivers after reports of a driver shortage across New York City.

Read the source article at news.yahoo.com