Uber Cuts Prices In Brisbane

Uber blog:

With today’s price cut, most uberX rides will be up to 40% cheaper than a taxi!

Uber has added heaps of new drivers in Brisbane since their launch a few months ago. Now they’re starting to put the price squeeze on the incumbent taxi companies.

Their base fare is now $2.50 (down from $3.20), their per km charge is $1.30 (down from $1.60), per min is now $0.40 (down from $0.50) and minimum fare is now $6 (down from $8).

Just in time too — regular taxis in Brisbane are stupidly expensive. I’m glad to see them under a bit of competitive stress.