---
title: Uber Just Keeps on Slashing Fares
description: Price cuts for Uber rides in New York City and 100 other cities are intended to increase ridership during the winter months.
authors:
  - name: Kerry Close
    url: https://money.com/author/kerry-close/
    at_money_since: 2016
    articles: 182
    covers:
      - Business
      - Banking
      - Career Advice
      - Credit Cards
      - Economy and Politics
      - Education
      - Housing
      - Identity Theft
      - Insurance
      - Investing
      - Lifestyle
      - Loans
      - Mortgages
      - Personal Finance
      - Retirement
      - Shopping
      - Taxes
      - Technology
    social:
      - https://x.com/kerryclose
    former_staff: true
published: '2016-01-29T16:33:14.000Z'
modified: '2024-04-16T09:50:53.000Z'
section: Business
tags:
  - prices
  - pubdesk
  - Uber
word_count: 242
canonical: https://money.com/uber-price-cut-fare-new-york-city/
type: Article
source: structured-blocks
---

> **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/).

![An Uber livery travels through Midtown Manhattan in New York on January 12, 2016.](https://img.money.com/2016/01/160129_em_uber.jpg?crop=0px%2C219px%2C2100px%2C1182px&quality=85)

If you live in New York City, Uber is trying to get you out the door this weekend—by slashing ride prices by about 15 percent.

As of Friday, UberX will reduce base fares from $3 to $2.55. The per-mile rate has decreased from $2.15 to $1.75, and the per-minute rate has dropped from $0.40 to $0.35. Price drops on UberXL will be similar, the [*New York Post*](http://nypost.com/2016/01/28/uber-cutting-rates-in-nyc-amid-escalating-cab-wars/) reported.

The ride-sharing service already announced this month that it would cut prices in more than [100 U.S. and Canadian cities](https://money.com/uber-cuts-prices-cities/) in order to drum up business. The cuts have already started in some cities, but will extend to all planned areas by today.

**Read Next: [How to Avoid Uber Surge Pricing](https://money.com/avoid-uber-surge-pricing/)**

Though drivers will make less money per ride with the changes, the company maintains that the price drops will offset that decrease by upping demand. Last time Uber cut prices, in July 2014, the time that drivers spent without passengers in their car dropped by 42 percent, the *Post* reported.

Uber confirmed the price cut with a [blog post published on Friday](https://newsroom.uber.com/us-new-york/lower-prices-increased-demand/). The cuts also are dependent on results; if they don’t cause demand to spike, Uber might tweak rates or even get rid of the discounts altogether.

"If drivers aren’t busier as a result of these reductions, prices will go back up again," Uber's blog post stated. "In addition, to ensure that drivers are not disadvantaged, we are guaranteeing earnings for drivers."

```json
{
  "@context": "https://schema.org",
  "@graph": [
    {
      "@type": "BreadcrumbList",
      "@id": "https://money.com/uber-price-cut-fare-new-york-city/#breadcrumb",
      "itemListElement": [
        {
          "@type": "ListItem",
          "position": 1,
          "name": "Home",
          "item": "https://money.com"
        },
        {
          "@type": "ListItem",
          "position": 2,
          "name": "Business",
          "item": "https://money.com/business/"
        },
        {
          "@type": "ListItem",
          "position": 3,
          "name": "Customer Service",
          "item": "https://money.com/customer-service/"
        },
        {
          "@type": "ListItem",
          "position": 4,
          "name": "Uber Just Keeps on Slashing Fares"
        }
      ]
    },
    {
      "@type": "WebSite",
      "@id": "https://money.com/#website",
      "url": "https://money.com",
      "name": "Money",
      "publisher": {
        "@id": "https://money.com/#organization"
      }
    },
    {
      "@type": "WebPage",
      "@id": "https://money.com/uber-price-cut-fare-new-york-city/#webpage",
      "url": "https://money.com/uber-price-cut-fare-new-york-city/",
      "name": "Uber Just Keeps on Slashing Fares",
      "isPartOf": {
        "@id": "https://money.com/#website"
      },
      "datePublished": "2016-01-29T16:33:14.000Z",
      "mainEntity": {
        "@id": "https://money.com/uber-price-cut-fare-new-york-city/"
      },
      "inLanguage": "en-US",
      "breadcrumb": {
        "@id": "https://money.com/uber-price-cut-fare-new-york-city/#breadcrumb"
      },
      "dateModified": "2024-04-16T09:50:53.000Z"
    },
    {
      "@type": "Article",
      "headline": "Uber Just Keeps on Slashing Fares",
      "articleSection": "Business",
      "image": [
        {
          "@type": "ImageObject",
          "url": "https://img.money.com/2016/01/160129_em_uber.jpg?crop=0px%2C219px%2C2100px%2C1182px&quality=85",
          "width": 1012,
          "height": 569,
          "caption": "160129_EM_Uber"
        }
      ],
      "author": [
        {
          "@type": "Person",
          "name": "Kerry Close",
          "url": "https://money.com/author/kerry-close/",
          "@id": "https://money.com/author/kerry-close/#author",
          "sameAs": [
            "https://x.com/kerryclose"
          ]
        }
      ],
      "publisher": "https://money.com/#organization",
      "datePublished": "2016-01-29T16:33:14.000Z",
      "description": "Price cuts for Uber rides in New York City and 100 other cities are intended to increase ridership during the winter months.",
      "abstract": "Price cuts for Uber rides in New York City and 100 other cities are intended to increase ridership during the winter months.",
      "@id": "https://money.com/uber-price-cut-fare-new-york-city/",
      "inLanguage": "en-US",
      "dateModified": "2024-04-16T09:50:53.000Z",
      "wordCount": 242,
      "keywords": [
        "prices",
        "pubdesk",
        "Uber"
      ],
      "about": [
        {
          "@type": "Thing",
          "name": "Business",
          "sameAs": [
            "https://en.wikipedia.org/wiki/Business"
          ]
        },
        {
          "@type": "Thing",
          "name": "Customer service",
          "sameAs": [
            "https://en.wikipedia.org/wiki/Customer_service"
          ]
        }
      ]
    }
  ]
}
```