Below inflation taxi fare increase to take effect - reminder
2 Apr 2013 10:16 PM
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.
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.
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