Singapore ranks ninth cheapest in Asia for short-distance taxi fares, according to a survey by British online used car dealer Carspring.
For a 3km ride, passengers in Singapore pay an average of US$4.01 (S$5.48), beating Seoul (US$6) , Hong Kong (US$6.29) and Tokyo (US$15.95) in taxi fares.
However, it ranked behind other Asian cities like Mumbai (US$1.40), Jakarta (US$1.47) and Bangkok (US$1.64).
Globally, Singapore's taxi fares ranked 20th for short-distance rides among a list of 80 cities.
The cheapest taxi ride is in Cairo, which costs US$0.55 for 3km while the most expensive is in Zurich, where a trip costs US$25.25.
Carspring formulated the rankings by gathering data from the official website of each city, where available.
To take into account varying prices depending on the time of the day, Carspring took the average metered price.
The survey, however, does not account for other variables, such as location-specific surcharges and peak hour surcharges, which have been the bugbear of Singapore cab commuters.
In terms of the taxi fare from the airport to the city centre, Singapore ranked 31st with an average fare of about US$27.31. Cairo also topped this list with a fare of just US$4.20, while a taxi ride from the airport costs a whopping US$189.91 in Tokyo.
Despite the relatively cheap fares of taxis in Singapore, private alternatives such as Uber and Grab have grown in popularity in Singapore over the last few years.
As at the end of last month (June), the number of rented cars stands at over 63,000, with some 50,000 estimated to be plying as private-hire vehicles.
Passengers say that longer distances are generally cheaper with private-hire cars and there is a preference for the fixed fare option provided by them.
Cab companies are now also offering fixed fare options to compete for commuters.