In response to fuel cost increase taxi fares are on the rise for the first time in a decade. This can already be seen in areas around the UK with councils approving the rise in fairs to assist cabbies cope with the higher fuel costs. The Folkstone and Hythe District Council are looking to increase the rates by 10%, while the Stroud district Council have approved a 15% rise in taxi fares.
As the fuel crisis continues and running costs for taxis rise, there will likely be more Council Districts in the UK to follow Folkstone and Stroud’s lead and raise the costs to help keep the taxi industry afloat during these trying times.
Sources: https://www.kentonline.co.uk/folkestone/news/taxi-fares-could-jump-10-amid-driver-shortages-269702/
