Taxi Drivers Mulling Fare Increase Of Up To HK$10

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2020-06-25 HKT 17:17

Share this story

facebook

  • Urban taxi drivers are being consulted on whether to apply for a fare increase of HK$6, HK$8, or HK$10. File photo: RTHK

    Urban taxi drivers are being consulted on whether to apply for a fare increase of HK$6, HK$8, or HK$10. File photo: RTHK

Urban taxis drivers are being consulted on a new plan to raise fares by up to 42 percent, which would take the flag fall from HK$24 to HK$34.

However, the government has poured cold water on the proposal even before it has been formally submitted, saying it’s still looking at a previous fare increase proposal made by the trade in 2018.

The Taxi and Public Light Bus Association said it is asking drivers to choose from between three proposals, to raise the minimum cost for a ride on an urban red taxi by HK$6, HK$8, or HK$10 to cover rising costs.

For now, it says more members support an increase of HK$6 or HK$8, and expects to make a formal application to the Transport Department in the coming weeks.

The group said it hopes the government will approve this as soon as possible.

IThe association says it understands that while passengers may think a fare hike would increase their own financial burden, the last time taxi fares went up was in 2017 and it’s time for another adjustment.

But the Transport Department said in response that officials are still reviewing the 2018 fare increase application to raise flag fall from HK$24 to HK$30 – without specifying how it would deal with a new application.

A spokesman explained that the process is taking longer than expected because they also need to take into consideration the impact of the recent social unrest and coronavirus pandemic, among other factors.

RECENT NEWS

China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks

China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more

Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors

The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more

South Korea To Cap Crypto Exchange Ownership At 20%

South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more

DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding

Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more

Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims

The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more

Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement

The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more