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Uber, Bolt in fresh shake-up as State moves to set taxi fares
Uber and Bolt cabs. The Transport ministry plans to introduce a national taxi pricing model aimed at stabilising fares and driver earnings across ride-hailing platforms.
The Transport ministry is set to deploy a new national pricing model for both conventional and ride-hail taxis, setting the stage for a fresh shake-up for big players in the industry, including multinationals Uber and Bolt.
A work plan showed that the State targets to review driver and operator cost structures to determine minimum viable fares, and design a fare structure including the base fare, distance, time rates, minimum fare, and surcharges.
