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The flag down fare of ComfortDelGro¡¯s fleet
of taxis - Comfort, CityCab and Yellow-Top ¨C will be raised by 10 cents
to $2.50 with effect from 6am, 10 July 2006. This is the first such
increase in 12 years. |
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The move comes amid a difficult operating
environment including rising fuel prices. In the last two years, the
price of fuel has more than doubled and is now hovering near its
all-time high. |
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The market price of diesel is now $1.07 per
litre, up 30% from a year ago. To help our drivers, ComfortDelGro has
extended significant fuel subsidies of $0.29 per litre to those of our
taxi drivers who choose to pump with us. As a result, they pay just 78
cents a litre. Still, the higher cost of diesel has reduced the incomes
of our drivers. |
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The decision to revise the current fare
structure was made after ComfortDelGro had consulted its Taxi
Associations. In line with the increase in flag down fares for normal
taxis, ComfortDelGro will also be increasing the flag down rate of our
Mercedes fleet by 20 cents to $2.80 to differentiate its premium
service. |
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There will also be a distance-related fare
adjustment to better reflect the relationship between fuel costs and
distance travelled. |
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Under the new fare structure, trips that are
less than 10kms will be charged at 10 cents for every 210m travelled
compared to 225m currently. For trips above 10kms, the charge will be 10
cents per 175m compared to 200m now. |
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To ameliorate the current disequilibrium
between demand and supply during peak periods, ComfortDelGro will raise
the peak hour surcharge from $1 to $2. This is expected to reduce the
waiting time during periods of high customer demand. |
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The morning peak hour period will also
be redefined to take into account the current five-day work week.
Currently, morning peak hours are from 7.30am-9.30am from Mondays
to Saturdays. |
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From 10 July 2006, morning peak hours
will be from 7am-9.30am on weekdays. Saturday mornings will no
longer be defined as peak. The evening peak hours remain unchanged.
(Please refer to the
Annex for the fare changes). |
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The fare adjustments have been made to
help our taxi drivers supplement their incomes. ComfortDelGro does
not intend to increase its taxi rental charges. |
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Indeed, ComfortDelGro remains committed
to the welfare of our 32,000 drivers. Besides subsidising the cost
of diesel, we offer an extensive benefits package. |
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Last year, our total benefits package
to our drivers amounted to $38 million, excluding personal
accident insurance policies of up to $50,000 and hospitalisation
benefits of up to $10,000 per driver. |
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More..... (Annex) |
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Source:
www.comfort-transportation.com.sg Media Release 3 Jul 2006 |
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Related Article: |
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-
SMRT taxi fares
to go up from 17 July 2006 |
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FrontPage Edition: Mon 3 July 2006
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