Uber Drivers Thin Out Across Brazil as Fuel Costs Cut Margins
Drivers in the company's largest market after the U.S. are giving up on the job as take-home pay doesn't cover bills
Uber application logo is seen on a screen in front of a flag of Brazil
Photographer: Ali Balikci/Anadolu Agency/Getty Images)
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Brazilians have one more problem these days to add to their pandemic woes: it’s getting increasingly harder to catch an Uber.
Gasoline prices, which have soared nearly 40% from a year ago to more than 7 reais per liter in some cities (roughly equivalent to $4.85 a gallon), are compounding drivers’ bills and causing many to give up on the job in Uber Technologies Inc’s largest market outside the U.S.