Shanghai starts taxi fare hike (Xinhua/Reuters) Updated: 2006-05-12 07:24

Taxi drivers wait in a line for their taximeters
to be adjusted in Shanghai May 11, 2006 as the city began to roll out its first
taxi fare hike since 1998. Under the new price system, the flag-down price in
downtown, which covers the first 3 kilometres of a trip, has risen to 11 yuan
(US$1.35) from 10 yuan (US$1.23) while charges on each additional kilometre will
edge up 0.1 yuan (1 US cent) from the existing 2 yuan (25 US cents). The
increase is the direct result of a newly enforced mechanism that allows taxi
fares to float with fuel prices to counter the influence of rising gas prices on
the taxi industry and drivers. [Xinhua]
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