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NewsTaxi industry news

$1 Taxi fuel surcharge approved May 11

Gasoline prices at over $2.00 per litre are making it almost impossible for Taxi drivers to make enough money to cover expenses. Photo: RWN

Toronto City Council voted quickly at the May 11th meeting to support increase to taxicab fares to respond to the rapid and unexpected rise in fuel prices that has occurred in 2022.

The staff report considered by Councillors proposed an amendment to Chapter 546, Vehicle-for-Hire Licensing, to implement a fuel surcharge of $1.00 to the taxicab tariff, effective immediately.

The fuel surcharge will be applied on a temporary basis until staff can conduct a fulsome review and consultation on taxicab tariffs and fares and report back about current and expected future costs of operating a taxicab, including fuel prices and rates of inflation to inform proposals for any changes to the taxicab fare structure.