If this mooted fare increase gets approved, it will be the highest fare increase for years. If this happens, fares could go up by $0.10, the maximum increase that can be allowed under the current fare formula, a measure implemented from 2018 to the year 2022. While some might say that $0.10 is a small price to pay, if taken into account each trip a person makes he needs to cough up $0.10 extra, someone might face up to $15 total of increased fares per month.

Not sure if this is a good idea. While some might say it is only fair that customers pay for something based on demand, thus if you want a cab badly during peak hours, you pay more for it. But what if the taxi companies take advantage of this, and declare prices to be relatively high due to demand? Will this mean that cab fares are permanently on the way up? Everything goes up! Is Singapore really aiming to be the most expensive city in the world?

According to the Straits Times news report “Bus, train fares to be cut by up to 1.9 per cent from December: Lui Tuck Yew” (Aug 3) – “Transport fares will be reduced by up to 1.9 per cent from December, said Transport Minister Lui Tuck Yew on Monday (Aug 3). He added that he would leave it to the Public Transport Council to work out the specific reductions, but expects “every commuter group” to pay lower fares.”