NDRC announces subsidy for hard hit cabbies

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With the price of gasoline breaking through the 8rmb barrier for the first time, Chinese consumers are beginning to rethink their automotive lifestyles. Taxi drivers are going to be among the worst hit with increasing costs cutting into their bottom line. The National Development and Reform Commission has the ultimate say in the price of fuel at the pump and the recent increase of 0.44RMB per litre came with a warning that price rises are set to continue.

City governments currently control the base price of taxis and also per kilometer increments, however the NDRC has announced that they will begin to offer taxi drivers a 300RMB subsidy every month to offset the costs until taxi meters can be adjusted to reflect the increased costs.

Consumers will see price rises at the super markets in the next few weeks, one fleet driver quoted by auto.qq.com commented that bringing food into Beijing from Shanghai will see an increase of 500RMB on the 2000km round trip.

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One Comment

  • Gerald
    March 22, 2012

    That’s great, more inflation

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