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 e-bikes, 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 breakdown 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 e-bike 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.
• E-bike fees will increase to $0.10 per minute.

Citi Bike Annual Members

• Annual membership will increase to $219.99 per year.
• Extra time fees for rides, beyond the included time of 45 mins, will increase to $0.20 per minute.
• E-bike fees will increase to $0.20 per minute.
• The cap for e-bike rides 45 minutes or less that enter or exit Manhattan will increase to $4 (all other e-bike rides are $0.20 per minute and uncapped).

Lyft Pink All-Access

• There is no change in the annual membership price.
• Extra time fees for rides, beyond the included time of 45 minutes, will increase to $0.20 per minute.
• E-bike fees will increase to $0.20 per minute.
• The cap for e-bike rides 45 minutes or less that enter or exit Manhattan will increase to $4 (all other e-bike rides are $0.20 per minute and uncapped).

Non-Member Single Ride

• The unlock fee will increase to $4.79.
• Extra time fees, for rides beyond the included time of 30 minutes, will increase to $0.30 per minute.
• E-bike fees will increase to $0.30 per minute.

Non-Member Day Pass

• There is no change in the Day Pass price.
• There is no change in extra time fees.
• E-bike fees will increase to $0.30 per minute.