After Six Years, Taxi Fares May Increase

May 21, 2012 Updated: October 1, 2015
The rising cost of taxi medallions.
The rising cost of taxi medallions. (Courtesy of TLC)

NEW YORK—Taxi fares could soon rise, depending on the outcome of an upcoming meeting and deliberation by the Taxi and Limousine Commission.

Because of rising gas prices, inflation, and other costs, the commission is considering a petition by the New York Taxi Workers Alliance for a fare increase. Another petition was made by a group representing fleet owners. It has been six years since the last fare raise.

Last year, the alliance filed the petition for an increase. Taxi drivers often make less than minimum wage, and spend the first eight to nine hours each shift earning enough money to pay the garages where taxis are kept, and multiple other fees, said alliance co-founder Javaid Tariq.

“We want at least 20 to 25 percent [increase], because fuel costs more now,” Tariq said.

The last fare increase, in 2004, brought the base charge up to $2.50 from $2.00, and added 10 cents to the mileage charge, bringing it to 40 cents per fifth of a mile.

“It is reasonable for taxi drivers and fleet owners to put this on the table,” said David Yassky, Taxi and Limousine Commission commissioner and chair via email. “We will consider their petitions over the next couple of months.”

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