Taxi Surcharges To Stay
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Taxi companies say they are still monitoring the situation as fuel prices ease. None of the Singapore operators has yet decided to cut its 30 cent fuel surcharge - although airlines' fuel surcharges are edging downward.
Ms Tammy Tan, group corporate communications officer at ComfortDelGro, said: "We are glad that fuel prices have been trending downwards in recent weeks and we are closely monitoring the situation. At current prices, fuel is still trading at a significant premium to what it was less than a year ago. Diesel is now selling at a net price of $1.53 per litre in the market compared to the net price of $1.19 it was retailing for in December 2007."
Other taxi operators like TransCab and SMRT also said they are monitoring the situation.
Fuel prices in Singapore are generally higher than the WTI figures, which are used as a standard worldwide, due to "crack spreads" that add another US$15 to US$20 per barrel to prices here, Ms Tan said.
"We will remove the fuel surcharge when market pump prices drop to their December 2007 levels, as we have committed"
Singapore Airlines (SIA) removed fuel surcharges on some of its flights to East and South-east Asia and Australia last month, but its surcharges on long-haul flights to the US and Canada remain unchanged.
A spokesperson said: "SIA keeps the level of fuel surcharge and its application under review on an ongoing basis, and responds to sustained trend movements in the price of jet fuel, not headline movements, and not on the price of crude oil (which is a product we don't buy, use or consume)."
(The above was extracted from the Wed edition of TODAY dated 15th Oct 2008)
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of cos lah
go up will neber come down one loh
wanna go up tt time action fast fast...
now is ding dong ding dong "monitor situation"
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I agree... price always goes up and not down... give them a reason to go up and they never come down...
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Same things apply to bus fares and electricity bills.