NEW DELHI, Nov. 4 -- Rising fuel costs are weighing on Uber Technologies Inc.'s mobility business in India, even as consumer demand remains strong. The ride-hailing company on Wednesday said the impact of higher fuel prices has been particularly pronounced in India and Brazil, where price sensitivity among both riders and drivers is affecting marketplace operations.

"If you zoom out and look at the macro environment, with the escalation in the war in the Middle East (West Asia), fuel cost impacts have been felt globally. Where it shows up most materially for us is in emerging markets, where there is a level of price sensitivity on both the consumer and the driver side," said Balaji Krishnamurthy, chief financial officer at Uber, during t...