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Rise in Taxi Fares in Singapore and Factors Contributing

In: Business and Management

Submitted By quekrh
Words 1212
Pages 5
Article: Comfort DelGro revises taxi fares in Singapore
From: http://www.channelnewsasia.com/stories/singaporelocalnews/view/1169537/1/.html
Summary
Taxis are an important form of public transport as well as public service in Singapore and have a total strength of approximately 25,176 in this country. Most people in the country would opt to take public transport as compared to having a personal vehicle for transportation as the cost for maintenance for a personal vehicle is higher as compared to taking public transport.

Recently, Comfort DelGro, the most dominant taxi company (with a total of 15439 taxis) in Singapore has opted to revise their taxi fares to meet the increased demand of taxis in Singapore without the consultation of consumers or taxi drivers. Taxi models by Comfort DelGro include Toyota Crown, Hyundai Sonata, Toyota Camry and a Limousine model.
Before 12 December 2011, the flag down price was SGD $2.80, SGD $3.00, SGD $3.20 and SGD $3.20 for the different models of taxis respectively. The meter fare was SGD $0.20 for every 395 meters (m) from the first 10 kilometers (km), SGD $0.20 for every 330m after 10km and SGD $0.20 for every 45 seconds of waiting time. Currently, the flag down price for the different taxi models are SGD $3.00, SGD $3.20, SGD $3.40 and SGD $3.40 for the respective models of taxis. The meter fare currently is SGD $0.22 for every 400 m for the first 10 km, SGD $0.22 for every 300 m after the first 10 km, and SGD $0.22 for every 45 seconds of waiting time.
A peak hour surcharge of 35% of the metered fare is charged from 7.30 am to 9.30 am every Monday to Friday, 5.00 pm to 8.00 pm every Monday to Saturday before the price revision. The current peak hour surcharge is 25% of the metered fare, from 6.00 am to 9.30 am every Monday to Friday, and 6.00 pm to Midnight every Monday to Sunday.

The city area surcharge before

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