16 Dec '11, 9pm

Left to the market, are taxi fares getting out of control?

SINGAPORE - The latest revisions on how much taxi passengers have to pay have turned the spotlight on the fare structure, with some observers, including at least one Member of Parliament, repeating a call for the authorities to regulate fares again. The fare structure - which has become increasingly unwieldy and to some extent, inexplicable - should also be re-examined, they said. Taxi fares were deregulated in 1998. National University of Singapore's Associate Professor Lee Der Hong noted that the deregulation was to "allow more competition into the mix and encourage more players into the field". But the current landscape is practically a monopoly or duopoly, the transport expert said. Last week, ComfortDelGro, which operates some 15,600 of the 26,700 taxis here, announced revisions to its taxi fares. They include raising the flag down fare and extending the hours subject...

Full article: http://www.todayonline.com/Singapore/EDC111217-0000013/Le...

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