Cab aggregators Uber and Ola have agreed to cap surge pricing at 45 per cent of the base fare, following a meeting with West Bengal Transport Department officials.
The base fare is proposed to be the government-notified rates for AC metered taxis in the city.
"We have submitted our proposal today and have outlined our intent to self-regulate fares at a maximum of 45 per cent more than the government-notified prices for A/C metered taxis in the city, at any given time," Uber said in a statement.
Ola has not sent any communication in this regard.
The state transport department, based on complaints from users on exorbitant fares during peak hours, had recently sent a 30-point questionnaire to Uber and Ola, seeking response on the surge pricing mechanism.
"The ministry has graciously agreed to open up new permits, expedite the launch of bike taxis and remove the vehicle colour condition," the statement said.
Man Arrested Over Rape, Murder Of Women In West Bengal "Unusual" Airfare Surge Raised In Meeting Of Parliament Panel On Transport X User Claims He Pays Only Rs 15 For A Single Room In West Bengal, Here's How MK Stalin Asks Centre To Recall Tamil Nadu Governor In Row Over Anthem Tamil Nadu Police's Counter Petition In Supreme Court Against Sadhguru Delhi Ex Minister Satyendar Jain Leaves Jail, Chief Minister Greets Him Harris, Trump Barnstorm Key State Michigan, Where Polls Say They're Tied 2 Brothers Found Dead Amid Rituals In Chhattisgarh: Cops Israel And Iran-Backed Foes Hamas And Hezbollah Vow More War Track Latest News Live on NDTV.com and get news updates from India and around the world.