20% drop in fuel costs over 2 years.
How taxi fares are calculated. click to enlarge
A freedom of Information response has confirmed that a reduction of taxi fares in York is necessary to reflect falling fuel prices
In 2014 fuel costs fell by 8% while last year the drop was a further 13%.
An overall reduction in taxi fare levels of 0.77% was due from April 2015 (which was never implemented) with an further 0.96% drop now required.
The reductions do not reflect only the drop in fuel prices as other factors including wage increases (+4.5%) and the costs of maintenance and insurance, are included in the fare calculation.
No statements on taxi fares – or indeed bus fare costs on subsidised services – have been made by the York Council.
Public transport users have a legitimate expectation that they will benefit from the lower fuel prices.