Target Number of Taxi and Private Hire Vehicles under Land Transport Master Plan 2040 and Support Measures to Alleviate Impact of Rising Oil Prices on Drivers, Cabbies and Delivery Riders
- The Minister clarified that the Land Transport Master Plan 2040 does not set targets for the number of taxi and private hire vehicles, as these are determined by market forces and platform pricing.
- Fuel costs have risen by 15% since the start of 2022, increasing overall business costs for drivers by about 3%, with rental being the largest cost component.
- Taxi and private hire operators have introduced measures like fare adjustments, rental rebates, and commission incentives to help drivers cope with rising fuel prices.
- The government will continue monitoring the situation and collaborate with driver associations to support affected workers.
- No specific support packages from the government were announced, but operators are taking proactive steps to alleviate the impact.