SG: Cab fares rise as a result of costlier COE prices.

SG: Cab fares rise as a result of costlier COE prices.

OneShift Editorial Team
OneShift Editorial Team
23 Apr 2013

Some find it unreasonable that to use the new cabs, one has to pay more, even though they are virtually identical. This ties in with what market research says about the taxi market in Singapore; consumers would avoid the more expensive taxis, so rather than buying new cabs all the time and raising fares, operators should focus on increasing efficiency.

To allow taxi operators to add to their fleet without the fare hikes, Mr Ang, advisor of the National Taxi Association, suggested that the LTA view taxis as a form of public transport and renew their COE system. This would enable the cost of cabs to remain relatively constant, thus, reducing cab fares.

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