Analysts noted that transport companies can explore various measures to help drivers offset rising fuel costs.
Associate Professor Walter Theseira of the Singapore University of Social Sciences said the likely outcome for consumers is higher fares.
“There is no regulation that says that the only way you can address this problem is to implement a specific surcharge on the fare,” he said.
“You could always just increase the base fare overall, or you could let the surge pricing and supply and demand basically do the work,” he added.
“So there are many different ways of dealing with it, but I do expect the end result for consumers is that the fares are going to get higher.”
