What is surge pricing:
The Uber/Ola fare rates automatically increase, when the taxi demand is higher than supply of drivers around you. The prices surge to ensure reliability and availability of taxis for those who agree to pay a bit more.
Both firms have decided to suspend surge pricing in the Capital till the conclusion of the odd-even scheme.
Delhi Chief Minister Arvind Kejriwal, warned of strict action against Ola and Uber vehicles which allegedly were overcharging riders.