MOT to let market forces determine e-hailing fare

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Loke said MOT also understands the drivers’ hopes regarding the matter since drivers cannot drive at a loss and there are operational costs that need to be borne. theSun theSundaily drivers ehailing fares cost government Malaysia

: The Ministry of Transport does not want to intervene if possible on the issue of e-hailing fare floor price, and instead wants it to be determined by the market, said its Minister Anthony Loke.

“We understand that they requested the government to set the floor price for e-hailing. So far, the proposal is still at the discussion stage and there is no decision yet,“ he said in a press conference after chairing the National Logistics Task Force meeting No 1/2023, here today. “But we need to understand that if there is a floor price, the fare price to users may increase higher so it is a consideration that needs to be taken into account too. So if we let the market determine the price, there is dynamic pricing between EHO, drivers and passengers,“ he said.

 

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