Tuesday December 11, 2007 | ${log.root}/lowem.log Inflation, Investing and Everything |
|
ComfortDelGro, the largest operator of taxis in Singapore, has overhauled its fare structure which it says will better meet the demand for and supply of taxi services at different times of the day. The changes will kick in next Monday [17 Dec 2007]. Flagging down a Comfort or CityCab will cost $0.30 more at $2.80. The metered fare has also been adjusted. It will cost $0.20 per 385 metres of travel for the first 10 kilometres. This will go up to $0.20 per 330 metres for journeys beyond 10 kilometres. It will cost $0.20 for every 45 seconds of waiting time. Instead of the $2 surcharge for peak hour travel, there will now be a premium levied. It will be 35 per cent of the metered fare. And the CBD surcharge will go up from the existing $1 to $3. The Taxi Operators' Associations or TOA, in its response, called the fare revision fair and timely. This is in view of the rapidly rising operating cost, especially the price of diesel and the increase in the Goods and Services Tax. It believes that overall taxi metre fare should reflect the operating cost of the taxi business, and the primary consideration is the income stability of the taxi drivers when fare adjustments are made. - This is the taxi fare increase we've all been waiting for. Um, about that statement, wait a minute. Actually, that's technically correct, in a sense. Everyone was waiting for Comfort to make their move and they did. And I'm sure this is certainly not going to be the last move. It's certainly not the taxi drivers' fault, and it's not the taxi companies' fault either. Inflation is taking off. You can bet your every last cent and every last taxi ride on that. (2007-12-11 13:01:29 SGT)
[Biz]
Permalink
Comments [1]
Post a Comment:
Comments are closed for this entry.
Most popular blog postings on lowem.log : 1. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004 Featured articles on lowem.log : 1. ABC Guide to Beating Inflation in Singapore and Elsewhere |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Posted by simontay78 on December 11, 2007 at 01:54 PM SGT #