The Centre's new cab aggregator norms will now allow surge pricing up to four times between midnight and 5am, reports TOI.
The new norms state that taxi operators like Ola and Uber can also charge up to three times the minimum fare during the day, the report said.
Cab operators will have to submit the minimum fare to the concerned State Transport Departments for approval. Also, these new guidelines will allow private vehicle owners to use their cars as taxis by paying the stipulated fee and obtaining necessary permissions online, the TOI report said.
The new guidelines state that taxis with all India permits will be allowed to operate as cab aggregators and such vehicles can also be hired by BPOs, IT companies, PSUs and government departments for a long term.
The regulation applies only to vehicles under "economy taxi" category and all cabs have to follow the local fuel and other regulatory norms. These cabs must also have an app-based metering system, which is recognised by the IT ministry, the report adds.
The cabs will have to display the driver's details and vehicle registration number prominently and also set up call centres for SOS, it states.
The new guidelines have been framed in consultation with all stakeholders, including state and central government departments after the Delhi HC issued an order for the same. The Road Transport Ministry will submit the report to the Delhi HC next week for approval, the report states.
The move was made to liberalise operation of cabs and push share cabs, and reduce the number of private vehicles plying in cities as the cost of congestion in Indian cities is close to Rs 60,000 crore annually, the TOI report says.