Alas, taxi fares are going up with effect from tomorrow. Reason: rising oil prices (what's new?). So in today's "competitive" market economy, if the supplier cannot control its operating costs effectively, it is justifiable to raise its product price and consumers pay for their inefficiency. Something just doesn't sound right to me.
In a competitive market, it seems reasonable for the price increase. However, has the service provider reviewed every single cost items in their profit & loss statements? Are there absolutely no other ways to keep their costs down whilst maintaining the price? This is similar to wanting to maintain the bottomline (amidst difficult times), and since they can't control their overall costs, their problem becomes the consumers' problem. Sounds rather ridiculous to me. Since when did we ask our bosses for a pay rise when bus fares increased or when a cup of coffee costs 80 cents?
I am not complaining about the extra few cents increase but the logic seems twisted to me. Commuters are paying for the transport providers' problem. If you can't keep your costs down but yet wishes to maintain your income, is it fair to penalise us?
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