The objectives of the National Maximum Taxi Fare Review are to:
• Estimate the average activity level of taxis in a year based on survey data, research results and Central Statistics Office (CSO) data;
• Update each element of the Taxi Cost Index (TCI), including the “fixed cost” of an average taxi, the running costs of an average taxi based on the activity levels determined and labour costs; and
• Determine whether maximum fares should increase, decrease or remain at current levels.
Any fare change approved by the Board of the NTA is anticipated to go live in February 2018.
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