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City to hold public hearing on taxi fare

SHANGHAI'S pricing authority is inviting public representatives to a taxi fare adjustment hearing and the adjustment plan will be announced later this month, officials said today. Industry insiders view it as a signal that local taxi fares will be raised again to offset fuel price hikes.The new prices will come into force by middle July, government officials said. The current taxi fare is 12 yuan (US$1.85) for the first 3 kilometers, up from 11 yuan before October 2009. Online speculation said the new start-up price will be 15 yuan. City authority already lowered the monthly dues taxi companies are allowed to collect from cabbies early this month.

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