16 Sep '11, 2am

Premier Taxi has abandoned its 50-cent fuel surcharge, six months after it was introduced due to rising fuel costs

SINGAPORE - Taxi fares have come down for passengers who travel in the more than 2,000 Premier Taxi cabs that ply the roads here. The taxi company has abandoned its 50-cent fuel surcharge, six months after it was introduced to counter the effects of rising fuel costs. The company said that in March, it was afraid it would lose some of its good drivers or have to compromise on service standards because they could not keep up with the costs. But speaking to Today yesterday, Premier managing director Lim Chong Boo said the fuel surcharge - which is in addition to the flag-down rate - was cancelled last week because oil prices have since stablised. "It doesn't look like it's going up. We calculated and it's quite stable," said Mr Lim. When the surcharge was introduced, a litre of diesel cost about S$1.60 a litre at petrol stations, but Mr Lim said the price has since fallen to...

Full article: http://www.todayonline.com/Singapore/EDC110916-0000315/Pr...

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