Night-time black cab journeys are set for a price freeze, if regulator proposals are passed later next month.
Transport for London (TfL) are seeking industry opinions on several proposed changes to taxi fares. One of which includes a freeze on the Rate 3 night time fare charged by cabbies.
Other changes include a day-time tariff increase of 1.9%, which closely follows UK inflation rates currently standing at 2%.
An increase of 20p on all minimum fares is also proposed, taking the starting taxi fare from £3.00 to £3.20.
TfL licenses and regulates taxi and private hire services in London. As part of this, only they can set the maximum fares that taxis (black cabs) can charge. These fares are determined by tariffs that are normally reviewed each year.
There are also other more specific proposals, which include:
Extending the arrangements in place to cover significant increases or decreases in the price of diesel
Increasing the fixed fares for shared taxis from Euston Station to Lord’s Cricket Ground by 50 pence when Tariffs 1 and 2 apply
Making a small change to when the tariff rate for journeys over six miles (Tariff 4) starts
The consultation period is expected to close Friday 23 August.
Image: Mark Twyman