Taxi policy guidelines: Cab surge pricing could be capped at thrice the base fare

Surge pricing will likely be restricted to certain times of the day and the total number of hours or rides when it is applicable may be limited, a government official aware of the development told ET. “On the issue of surge pricing, it is likely to be capped at thrice the base price but it has to be decided at what hours of the day it will apply,” the official said.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2QafoKu