Taxi Base Fares Look Set to Increase 22 Percent Over the Next 2 Years

The fourth biggest player in the Singapore’s taxi market has just increased fares, and it is looking to up the fee even more over the next 2 years.

Premier Taxi’s managing director, Lim Choong Boo was quoted as saying in a media report that most of the company’s taxis will have a flagdown rate of S$3.90 in the next one to two years.

This comes as the Premier aims to progressively replace its Magentis and Wish cabs.

Premier on Monday (1 Feb) had just increased its flagdown fare for taxis by 40 cents, to S$3.60.

Premier says the fare increase is aimed at being “in line with the sentiment of simplifying taxi fare structure for the commuting public, as encouraged by the authorities.”

The company will not raise rental rates for its taxi hirers.

Prime, SMRT and TransCab have already increased their flagdown fares to S$3.60.

This would make ComfortDelgro, which runs the Comfort and CityCab fleets, the cheapest taxi operator at the moment.

The company has not announced if it will increase its S$3.20 flagdown fare, but taxi companies in Singapore have conventionally upped their fares in tandem, leading to accusations of cartel-behaviour.

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