Picture: ROB CURRIE. (36158970)

TAXI fares at the rank will rise by just over 12% at the end of the month after drivers reached a deal with Infrastructure Minister Tom Binet.

It means that a taxi from the Airport to the Weighbridge, for example, carrying up to four people, will rise by approximately £2 to around £19.

The maximum that a taxi can charge is set each year by the Infrastructure Minister based on a tailored RPI figure for the trade – a measure of inflation which takes in relevant costs such as fuel, insurance and vehicle maintenance.

It is calculated each year by Statistics Jersey based on the March rate, which is published at the end of April. The headline rate then was 12.7% but the taxi rate has been set at 12.1%.

The rate was proposed by the minister, Deputy Tom Binet, at a meeting with drivers last week, with all private hire firms and representatives attending, including the Jersey Taxi Drivers’ Association.

The minister had the power to propose any rate he wished but Deputy Binet went with the established formula.

It will apply to all 270 plate holders in Jersey, a figure that has fallen by about 40 drivers since 2020.