A feedback exercise conducted by LTA on point-to-point operators found varied and often opposing views, but majority wants all operators to be licensed.
ComfortDelGro's flat fare option, which was launched yesterday, has already received 2,000 bookings; and the firm expects the volume to grow further.
ComfortDelGro has announced it will roll out a flat fare option on its cab-hailing app from 10th April, shortly after Grab's implementation of dynamic pricing.
'Dynamic pricing', as used by GrabCar and Uber, means private-hire cars are generally cheaper than taxis during off-peak hours and after midnight.
Surge pricing adopted by private-hire apps has drawn flak from some commuters, after fares rocketed during periods of exceptionally high demand.
The fares, which will range from a few dollars to $100, are quoted upfront and could be lower or higher than standard metered rates; depending on demand.
Grab declined to confirm what percentage of the cut it would take and would only say that it would release more details next week.
Singapore's largest taxi operator, ComfortDelGro, has said that it will not implement surge pricing for its taxis for the moment.
Dynamic pricing, also known as surge pricing, will be an additional option for commuters booking a taxi, on top of the current metered rates.
Even as taxi companies explore the implementation of new surge pricing, commuters will likely still have the option of a metered fare system.
More commonly known as surge pricing, a system already in use by ride-hailing service Uber, the move will see fares fluctuate according to demand.
Grab will be rolling out a new taxi service - JustGrab - which will provide fixed upfront fares when booking a taxi but will also be subject to surge pricing.
Experts have commented that surge pricing is an efficient mechanism to match supply to demand but raised concerns about its lack of transparency.
During major rail breakdowns, commuters have complained of Uber fares exceeding $140 - four to five times that of a usual taxi fare.
The new upfront fare system shows users the exact amount they have to pay before they take a ride, replacing the old fare estimate and surge pricing system.