The fares have come down from the existing government approved rates of Rs 23 per km for day time and Rs 28.75 per km during night time rides.
The new fares, available exclusively on Meru's mobile app, come with no surge price, no ride time charge, no base fare and no night time charge, the company said in a statement.
Also Read
The company is the only major player in the taxi service industry that does not apply surge price, it added.
"By providing competitive prices in radio taxi services, we aim to provide even more affordable travel options to our ever-growing customer base," Sangoi said.