Taxi fares to increase as fuel costs rise

Taxi fares in one area of Oxford are set to rise to enable drivers to cope with rising fuel costs, it has been reported.

According to the Oxford Mail, the Vale of White Horse district council is launching a consultation into the fees that Hackney Carriages can charge.

It is planning to increase fares by seven per cent, with the minimum cost of a journey rising by 30p to £3.30.

Tony De Vere, leader of the council, said the rising costs of fuel is “hitting taxi drivers hard” and adding to running costs, which may already include taxi insurance.

“However, we also have a responsibility to take account of the impact that any increased fees will have on those people using taxis,” he remarked.

It is hoped the new fares will “strike a fair balance” for all parties concerned, he told the newspaper.

Last month, a number of supermarkets in the UK lowered the cost of their fuel following a fall in oil prices.

Edmund king, president of the AA, said that if oil prices continued to fall there could be “even bigger reductions”, the Guardian reports.