Under the new regulations, taxi fares will be calculated using three components: a fixed starting charge, the distance travelled, and the duration of the journey. The initial flag-fall fee will be reduced from the current €3.25 to €2.00.

This revised framework also introduces a single call-out fee of €0.80, which will replace the range of additional surcharges currently applied, and charges for carrying luggage and other supplementary fees will be removed.

The changes come as part of a broader reform of the sector and will require taxi operators to update their taximeters to reflect the new tariff system.

However, the new pricing regime will not come into force immediately. According to ANTRAL, the National Association of Road Transport Operators in Light Vehicles, implementation has been postponed by a further 60 days.

As a result, the revised fares will not take effect this Friday as originally projected.