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Taxi firms raise fares after fuel hike

Update: March, 16/2012 - 10:18

HA NOI — Several taxi firms have raised fares after the recent hike in domestic fuel prices. Enterprises expect to charge about 10 per cent more, reflecting the equivalent increase in the cost of petrol.

According to taxi operators, sector spending on fuel amounts to 45-50 per cent of transport costs. The industry cannot afford to keep prices at their current levels.

A representative of Mai Linh Taxi said the firm officially raised fares on Sunday. For a four-seat Matiz, the firm will maintain its starting rate at VND10,000 but the first 25km will cost VND11,600 per km, a pattern that will be consistently implemented in its other models.

A representative of the taxi group said the firm had only increased fares for nighttime rides from 10pm - 5am.

Chairman of the Ha Noi Taxi Association Bui Danh Lien said more than 10 taxi firms had proposed to raise fares by between VND500 and VND1,000 per kilometre. The increases may take place next week.

In HCM City, taxi firms put up fares yesterday by between VND1,000 and VND2,000 per kilometre depending on the quality of the taxi. This is the most dramatic hike in history due to the increase of fuel prices.

Chairman of HCM City's Taxi Association and director of Vinasun Taxi Firm Ta Long Hy said the taxi firms were not only affected by the hike of fuel price but also by increasing input spending such as fees for taxi insurance, registration and banking interest rates.

"Therefore, the association's taxi firms have agreed to raise fares to maintain their business operations," said Hy. — VNS

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