LPG PRICE RISES

LPG price rises definitely result in a loss of revenue for taxi operators but – like many small businesses – fluctuating operating costs are absorbed. Short term price rises have no effect on the number of taxis on the road and no impact on fares. Taxi fares are set by the Department of Transport and Main Roads and reviewed biannually. If LPG prices continue to rise over the long term this will need to be considered by all industries that rely on this form of fuel.