Citi Bike is hiking up prices starting this week

NEW YORK CITY (PIX11) -- Citi Bike is raising its prices this week and offering more station upgrades and next-gen ebikes, the company shared in a statement.

The bike-sharing company said it's increasing prices "to support our growing operations and continued expansion." The annual membership increases from $205 to $219.99 a year on Jan. 29, and other Citi Bike prices will increase starting on Thursday.

Here is a rundown of Citi Bike's new prices:

New Member Perk

• Citi Bike members (including Pink All Access and Reduced Fare Bikeshare) will now receive 60 free ebike minutes upon every annual renewal. Current members will also receive a prorated number of minutes until their membership renews.

Reduced Fare Bike Share members

• No changes to the Reduced Fare Bike Share Program monthly cost.
• Extra time fees for rides, beyond the included time of 45 mins, will increase to $0.20 per minute.
• Ebike fees will increase to $0.10 per minute.

Citi Bike annual members

• Annual membership will increase to $219.99/year.
• Extra time fees for rides, beyond the included time of 45 mins, will increase to $0.20 per minute.
• Ebike fees will increase to $0.20 per minute.
• The cap for ebike rides 45 minutes or less that enter or exit Manhattan will increase to $4.00 (all other ebike rides are $0.20 per minute and uncapped).

Lyft Pink All Access

• No change in annual membership price.
• Extra time fees for rides, beyond the included time of 45 minutes, will increase to $0.20 per minute.
• Ebike fees will increase to $0.20 per minute.
• The cap for ebike rides 45 minutes or less that enter or exit Manhattan will increase to $4.00 (all other ebike rides are $0.20 per minute and uncapped).

Non-member Single Ride

• Unlock fee will increase to $4.79.
• Extra time fees, for rides beyond the included time of 30 mins, will increase to $0.30 per minute.
• Ebike fees will increase to $0.30 per minute.

Non-member Day Pass

• No change in the Day Pass price..
• No change in extra time fees.
• Ebike fees will increase to $0.30 per minute.