Wednesday 03 Apr 2013 @ 08:10
Transport for London
Transport for London
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Below inflation taxi fare increase to take effect - reminder
Taxi passengers are reminded that a below-inflation fare increase, of 1.7 per cent, will take effect from Saturday 6 April.
The new fares seek a balance between maintaining income levels for drivers while ensuring passengers still get a fair price for the high quality and unique service provided by the capital's taxi drivers.
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1.7 per cent increase equates to 21 pence on average fare
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Lowest fare increase since TfL began licensing taxis in 2002
This year both fuel prices and operating costs have increased, raising the costs associated with driving a taxi.
Taxi fares are reviewed annually and calculated by TfL based on a cost index that has been used since 1981.
