Seán McCárthaighTaxi fares look set to increase by approximately nine per cent later this year after the National Transport Authority recommended a proposed hike in fares to reflect the cost of operating a taxi. The NTA has launched a public consultation on the proposed fare increase following its regular two-yearly review of charges in the industry. It has recommended a maximum fare increase of nine per cent given the potential impact that price rises could have on consumer demand for taxis. Its latest recommendation follows an average increase in taxi fares of 12 per cent approved following the previous review in September 2022. A portion of the increase was used to compensate taxi drivers for the requirement to provide cashless payment facilities in their vehicle.

Source: The Herald July 04, 2024 20:51 UTC