Taxi fares show a sharp decline, says ministry

Taxi fares have fallen by 0.92 to 32 per cent, the latest report from the finance ministry has revealed. Transport companies have also reduced their charges by three to 25 per cent.

The ceiling price of economy-class air tickets has fallen by about 15 per cent since the ministry issued a new rule on economy-class fares of domestic flights on December 19, 2014.

The fall in various transport fares and charges are linked to the oil and gas crisis, which has led to a large drop in fuel prices around the world.

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