Uber and Lyft drivers will be making more per ride starting today after the New York City Taxi and Limousine Commission voted unanimously last week to approve a pay increase of about 2.25% for rideshare drivers.

It follows a raise of more than 6% that Uber and Lyft implemented last month.

The increase is meant to offset rising costs for drivers as the U.S. economy continues to contend with high levels of inflation.

TLC Commissioner David Do joined the “Mornings on 1” team Monday to talk about the pay increase and the ongoing clashes over congestion pricing in Manhattan.

Speaking with NY1 anchor Pat Keirnan, Do contextualized the what the pay raise means for for-hire drivers.

“If a driver is making 10 trips a day, and they get an increase of $2.26, that’s almost $22.26 per day,” Do said. “That’s combining with higher fuel costs, higher prices at the grocery store, rents and everything else that that $22 has to go to.”

Some Uber and Lyft drivers participated in strikes in recent months, including outside Uber’s Manhattan headquarters in January and at LaGuardia Airport in February. The strikes came as Uber sued the city to prevent wage increases, citing additional costs of $21 to $23 million a month.

According to the TLC, the proposal Uber sued to stop in December would have increased the minimum per-minute rate for rideshare drivers 7.42% and the minimum per-mile rate by 23.93%, or an increase of up to $2.50 per 7.5-mile ride.

“The roughly 2.25% per ride pay increase is more reasonable than what was previously proposed,” an Uber spokesperson said in a statement after the vote.

Lyft also issued a statement after the vote, which read, “The TLC’s proposal includes changes that will ensure fairer competition within our industry. We are appreciative of them listening to our concerns and look forward to continued engagement on ways we can improve rideshare overall."

In February, Uber reported company-wide revenue of $8.6 billion in 2022, a 49% increase from the previous year. The same month, Lyft reported $4.1 billion in company-wide revenue in 2022, a 28% increase from 2021.