March 25 (Reuters) - Ride-hailing company Lyft ( LYFT )
said on Wednesday it will roll out a temporary driver-relief
program in the United States, as higher gasoline prices squeeze
earnings for gig workers.
A sharp rise in fuel costs, driven by energy supply
disruptions linked to the ongoing U.S.-Israeli conflict with
Iran, is hurting gig workers.
The national average price of gasoline has jumped more than
30% in recent weeks, hovering around $4 per gallon.
Lyft's ( LYFT ) 60-day program, which will run from March 27 through
May 26, offers cash-back incentives and fuel savings for drivers
using the Lyft Direct debit card at eligible gas stations.
Under the initiative, top-performing drivers will receive an
extra 2% cash back on fuel purchases, while mid-level drivers
will get an additional 1%, on top of existing rewards that range
from 1% to 10% based on driver status.
The combined savings, including offers from Lyft ( LYFT ) partners,
could reach as much as 94 cents per gallon for top-tier drivers,
based on national average fuel prices of $3.97 per gallon, the
company said.
Food delivery platform DoorDash ( DASH ) said on Monday it
was launching a similar program that would run through April 26.
(Reporting by Akash Sriram in Bengaluru; Editing by Shinjini
Ganguli)