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News India Live, Digital Desk: Cab Companies: The next time you are in a hurry and book a cab like Ola (Ola) or Uber, you may have to loose your pocket a little more! Yes, the Government of India has allowed cab aggregator companies to collect double fare during peak hours (busiest time). This news is important for millions of people who use these cab services daily.

What is this new rule and why?

Indeed, the Ministry of Road Transport and Highways (Ministry of Road Transport and Highways) has made some new rules for cab aggregators. Under these rules, cab companies will now be able to recover the fare up to the maximum of double (eg morning and evening office time, festival, or sudden increased demand) from normal fare. This is called Surge Pricing in easy language.

What is Serge Pricing?
This is a system where a temporary increase in fares is increased when demand increases. Suppose, your ride fare is 100 rupees in normal time. But if you book a cab in peak hours and the demand is very high, then the cab company can charge you up to Rs 200.

Why did the government allow this?

The government says that this decision has been taken for several reasons:

1. Encourage drivers: In the busy time, drivers often avoid driving or they get a low ride. With the permission to recover double the fare, they will get a chance to earn more, so that they will be ready to hit the streets with vehicles in peak hours.

2. Low waiting time: When more drivers are available, passengers will be able to get a cab and the waiting time will be reduced.

3. Demand-supply balance: This rule will help in balance between demand and supply. When demand is high, companies can increase supply by attracting drivers.

What will be the effect on passengers?

While this rule is good news for the drivers on the one hand, on the other hand it will have a direct impact on the pockets of the passengers. Now you may have to pay more money in peak hours for your ride. However, its advantage will be that you will increase the chances of getting a cab and the rate of cancellation may also be reduced.

Earlier, Serge was pricing, but often he had no fixed limit or questioned it. Now the government has tied it in a limit, so that it is not arbitrary and customers know how much maximum can be charged.

So from now on, if you are booking a cab at a particular time, be ready for two times. However, this will make it easier for you to get a cab and reduce waiting time.

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