CHINA / Regional
Beijing set to hike taxi fares to 2 yuan
(Chinadaily.com.cn)
Updated: 2006-05-19 17:44
After months of discussion and planning, Beijing is finally set to raise
taxi fares from 1.6 yuan (20 US cents) to 2 yuan (25 US cents) per
kilometer from May 20, 2006.
Two taxis get refuel at a gas station in Beijing April 26, 2006. Beijing
is set to raise taxi fares from 1.6 yuan (20 US cents) to 2 yuan (25 US
cents) per kilometre after a fuel price hike. [Xinhua]
Charges for base mileage, returning empty, night service, waiting and
low-speed driving will remain unchanged.
A system linking taxi fares and oil prices will be established to spread
increase burden between taxi companies, taxi drivers and passengers. When
oil prices go up, taxi companies and drivers will absorb it and it fare
increases will trickle down to passengers.
Against a backdrop of surging oil prices worldwide, price adjustments for
oil products have been under way nationwide since the end of March this
year. The Beijing Municipal Development and Reform Commission held a
hearing conference at the end of April and most of the delegates present
supported a rise taxi fares.
Commission sources say the valuating device and the price labels on
Beijing's taxies would have been changed into new ones by the end of June
and all of the taxies in Beijing will be charged 2 yuan per kilometer
from July 1st, 2006.
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