Beijing considers hiking taxi fares
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Beijing municipal government can raise taxi fares if 93-octane gasoline prices exceed 7.1 yuan per liter. |
Beijing Municipal Commission of Reform and Development is discussing raising taxi fares in response to the latest oil price increases over the weekend, the Beijing Morning Post reported Monday.
China announced last Saturday that it will raise the price of gasoline and diesel by 350 yuan (about $53) per ton beginning Sunday. The price hike brought the benchmark retail price of gasoline and diesel up by 0.26 yuan and 0.3 yuan per liter. It's the first oil price hike this year and the second one in the past two months.
According to a policy adopted in 2006, the Beijing municipal government can raise taxi fares if the price of 93-octane gasoline exceeds 7.1 yuan per liter. In fact, 93-octane gasoline prices have already reached 7.17 yuan per liter after the price hike last December.
The government may raise the flag-fall price (currently 10 yuan), the distance fare, or hike the taxi fuel surcharges to two yuan from the current one-yuan charge, the newspaper said.
China's business press carried the story above on Monday. China.org.cn has not checked the stories and does not vouch for their accuracy.
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