Taxi fare standardisation framework
Taxi fares were deregulated since 1998, allowing taxi companies to determine their own fares. This provides operators the flexibility to price their services according to their costs, and to better respond to changing market conditions. Taxi services are still regulated by the Land Transport Authority, that monitors and audits the performance of taxi operators.
With the introduction of new regulations in January 2016, taxi fares have remained deregulated, but companies are required to standardise some parts of their fare structure. This prevents the taxi fare structure from becoming too complicated, and makes it easier for commuters to compare fares. For example, each taxi company now has only one set of unit fares for all its standard taxis, and another set of unit fares for all its premium taxis.
When it comes to peak period, off-peak and advance booking fees, each taxi company now has only one booking fee that applies to all its standard taxis, and for all its premium taxis.
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Download PTC LTA Joint Release (PDF, 67.82 KB)