Taxi fares in the capital are set to rise 3.4 per cent from April, it was announced by Transport for London (TfL) today. The rise follows discussions between TfL, representatives of the Taxi trade and London TravelWatch, the capital’s passenger watchdog.
Ed Thompson, Taxi and Private Hire Director at TfL’s Public Carriage Office, said: “These new fares take into account the increased costs over the year of running a black cab. The increase reflects changes in national average earnings and encourages taxi drivers to provide a top quality service in London.”
TfL’s board has also approved a 40p metered extra which will be levied only if fuel prices hit 147.1p per litre between 4 April 2009 and 1 January 2010.