Taxi Fares Going Up In Toronto, As City Council Approves Hike
Cab drivers across the city have been feeling the pain at the pumps more than most, often having to absorb the higher prices themselves. But they're about to feel some relief, after Toronto city council voted to increase their fares.
The initial pick-up fee will bump from $3 to $4.
The meter rate is also going up. It used to be $0.25 each 170 metres, now it's going to be a quarter for every 155 metres travelled.
What that means for passengers is that a five kilometre trip rises in price from about $10 to $11.75.
The increases are expected to take effect in mid-July. Meanwhile, airport limousine fares are reportedly also going up. As of August 24, Pearson International Airport passengers will pay more to get to the transit hub. The higher fees will be based on fuel costs averaged over 90-day periods. Depending on the amount, the cost of a ride will rise or fall. Additionally, drivers can charge $2 extra based on current fuel prices and up to $5 extra if gas spikes to the $1.80-$2 per litre range.
Courtesy of: CityNews.ca, Wednesday, June 25, 2008, CityNews.ca Staff
Complete Article: http://www.citynews.ca/news/news_24153.aspx