Taxi fares are set to be revised soon, the move being one of the measures to streamline cab operations in the country, The Sun reports. The action is aimed at helping taxi drivers cope with the upcoming taxi industry transformation programme – which includes the proposed legalisation of e-hailing services – that will come about by the end of the year. The publication was told by a senior government official involved in the taxi industry overhaul process that the rate will be based on a dynamic fare structure and may include the installations of new taxi meters with GPS for performance assessment. This rate will only apply to conventional taxis. App-based services from transportation network companies such as Grab and Uber will not be subjected to the regulated fare rate, the unnamed source said. “It is up to them to offer lower fares than the taxi rates. Besides, there is no law stating that it is wrong for taxi drivers or transport provider to offer fares lower than the regulated fare rate. Market forces will shape the fare trend in the long run,” he stated. He added that surge pricing – essentially, automatic higher fare rates when the demand for… Read full this story
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