No surge pricing now, but a flat-fare structure similar to metered fares soon: ComfortDelGro, Transport | THE BUSINESS TIMES
THERE will be no surge pricing for now, but a flat-fare option based on current fare structures will be introduced in two to three weeks’ time for the mobile app users of Singapore’s largest taxi company, ComfortDelGro.
This comes even as Singapore’s third-largest taxi company, SMRT, said that it will be introducing surge pricing, which incorporates real-time demand and supply for its services into their fare structure.
Earlier on Friday, SMRT, which has about 3,400 taxis, announced a partnership with Grab to introduce the dynamic-pricing system.
Unlike metered fares where the total sum is made known only at the end of the trip, fares in the dynamic-pricing system will be displayed upfront to users before accepting the ride.
Read complete article here: