But we cannot allow unlimited surge pricing and will define a maximum cap for the same. Having a maximum cap on surge pricing to the extent of 2.5-3 times is essential as it will help protect consumer interest. Given that cab aggregators today have great technology, there is no need for calibrated meters to be put in place. ""Surge pricing is basic market economics, which is related to demand and supply.... the Indian Railways has its own version i.e. We are considering liberalising permits in the city taxi segment so that cabs are available round-the-clock even in non-peak hours", informed the official.

Source: Economic Times September 11, 2016 23:56 UTC