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21 February 2014, 19:13 | Updated: 21 February 2014, 19:14
Black cab fares in London are going to go up in April and they could rise again as early as January 2015.
Transport for London have announced that from 5 April 2014, London taxi fares will increase by an average of 0.7%.
TfL said the below-inflation increase was the lowest since it took responsibility for licensing taxis in 2000 and the rise equated to just 9p more on an average fare.
Helen Chapman, TfL's taxi and private hire general manager, said: "This year's increase... seeks to cover any changes in the costs of running a black cab while continuing to provide passengers with value for money.
"As part of our ongoing commitment to licensing a world-class taxi service, we will be conducting a number of reviews over the coming year, including whether increases in taxi fares and tariffs should be introduced at the start of each year, in line with London's Tube, rail and bus network."