How Taxi Fares Are Calculated

A mystical art, BRISTOL TAXI prices!Hackney Cabs within Bristol are governed by Bristol City Council and the prices or fares within Bristol are set by the Council. However for journeys outside of the City there is no set pricing. You are left to decide upon a price with your driver.So, how do drivers arrive at a price?Generaly pricing is done “on the hoof” some drivers refer to a price book which is not endorsed or regulated by Bristol City Council!The pricing strategy is arrived at by these things…

What time of day is the journey? If the journey is made during the day we of course have to take into account Traffic.
How many people or Drops? If there is more than one stop or drop off then there will be a small surchage .

Is it a straight run, i.e. Motorway all the way or country roads? Obviously if the journey is direct via motorway for a 50 miles as opposed to a 50 mile journey via A or B roads the later would be more expensive.

So ultimately you are paying for these elements…

Time & Fuel Cost here is the formula that can be used…

M = Milage there and back, F = Cost of fuel per gallon, MPG = 35 Avg miles per gallon for vehicle used, AVG = 55 mph Average speed for whole trip, HR = Preffered hourly wage

(M / MPG * F) + (M / AVG * HR) = FARE

For example… London City there and back 240 miles

240miles / 35mpg *£5.00 =£34.29

240miles / 55mph * £25=£109 Total fare £143.29

Add these 2 figures together to give you the fare. However, some drivers may charge £10 ph and some more but it does show you the customer what elements are used in pricing. For more info or to book visit http://onthemeter.co.uk

Thanks.