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16/09/2008
Taxi Fares Up As Fuel Goes Down
Taxi fares are expected to significantly rise by the end of the year, just as fuel costs begin to come down.
The Taxi regulator has commissioned a special team of consultants to review the present taxi fares, and the team have come back with a recommendation to raise taxi fares by 8.3%.
The increase is largely believed to be based on fuel costs and their recent record of increases. However, in recent days the prices of crude oil has dropped significantly and is expected to drop further.
Oil fell more than 5% dipping below $91 a barrel and taking its two-day decline to more than $10. Oil has declined 4.5 percent this year and dropped 38 percent from the record $147.27 a barrel reached on July 11, and this is expected to be reflected in the cost of fuel soon.
Taxi unions are lobbying for an increase as soon as possible, but a final decision on the hike is not expected until the end of the year. And although the Taxi Commissioners office is not obliged to accept the consultant's findings, it is widely believed the changes will be implemented.
The report also revealed there were a total of 20,755 taxis on Ireland's roads at the end of July this year, a five-fold increase since the sector was deregulated in 2000.
(DW/JM)
The Taxi regulator has commissioned a special team of consultants to review the present taxi fares, and the team have come back with a recommendation to raise taxi fares by 8.3%.
The increase is largely believed to be based on fuel costs and their recent record of increases. However, in recent days the prices of crude oil has dropped significantly and is expected to drop further.
Oil fell more than 5% dipping below $91 a barrel and taking its two-day decline to more than $10. Oil has declined 4.5 percent this year and dropped 38 percent from the record $147.27 a barrel reached on July 11, and this is expected to be reflected in the cost of fuel soon.
Taxi unions are lobbying for an increase as soon as possible, but a final decision on the hike is not expected until the end of the year. And although the Taxi Commissioners office is not obliged to accept the consultant's findings, it is widely believed the changes will be implemented.
The report also revealed there were a total of 20,755 taxis on Ireland's roads at the end of July this year, a five-fold increase since the sector was deregulated in 2000.
(DW/JM)
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