THE move by leading taxi operator C52 : C52 0% to raise fares appears to have paved the way for its smaller peers to undertake a similar exercise or mulling one.

Neo Nam Heng, chairman of Prime Group - which owns Prime Taxi - told The Business Times (BT) that the smallest cab operator with a fleet of about 600 in Singapore will be writing to the Public Transport Council to indicate its intention to raise fares.

Neo said it would be the company's first fare hike in 10 years.