Taxi companies reduce fares to reflect drop in gas prices

Due to a recent drop in gas prices, several taxi companies plan to cut the price of taxi fares beginning Friday, reports Thanh Nien.

Taxi rides with Mai Linh, HCMC’s second largest taxi company, will cost VND 500-2,000 less per kilometre, with fares costing around VND 14,500-17,700 per kilometre in HCMC. Continuing standard policy, customers who ride in four-seat cars will pay less than seven-seat cars. In addition, Vinasun will charge VND 500 less per kilometre, with fares costing VND 16,000-18,000 per kilometre, according to the taxi company’s deputy general director, Ta Long Hy.

Retail gas prices dropped to VND 1,430 per litre last week, which prompted the Ministry of Finance to request the Ministry of Transport to encourage companies to taxi companies to adjust fares.