South Africa’s two largest e-hailing platforms Uber and Taxify - which represent over 90% of the local market - do not plan on increasing prices.
This despite a 74c petrol price increase to R14.82 per litre on Wednesday - the highest petrol price increase in three months.
Uber said it shares the concerns of drivers and riders that a petrol price increase might result in lower income for drivers who have to pay for the fuel.
It last increased prices in December when fuel prices dropped by R1.84.
“[We] are always doing our best to find solutions that will benefit both [drivers and riders],” Uber told Business Insider South Africa. "We are not currently adjusting fares."
Gareth Taylor, nationwide manager for Taxify, said they constantly monitor local market conditions to ensure that drivers remain self-sustaining.
He said the current increase to R14.82 per litre petrol is “significantly lower” than the R15,54 per litre it was in June 2018 when Taxify last raised prices.
“The new petrol price is also significantly lower than the petrol price peak of R16.85 in October and November 2018.”
Taylor said their innovative rewards programme also gives drivers 25c back per litre of fuel purchased at Shell petrol stations.
Business Insider South Africa previously reported that South African Uber drivers earn a smaller percentage per trip than Taxify drivers.
For every trip, Taxify takes 15% of the fee charged via its platform compared to Uber which takes a standard service fee of 25% per trip booked.
That is a R1,000 difference in earnings for every R10,000 worth of trips.
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