Starting from June 10, the base fare will be increased 30 percent to 13 yuan ($2.12) for the first 3 kilometers (1.86 miles), the Beijing Municipal Commission of Development and Reform said in a statement posted on its website. Each additional kilometer will cost 2.3 yuan, up from 2 yuan currently, according to the statement.
This brings the capital (almost) inline with Shanghai taxi fares, which are 13-14 for the first 3 kilometres and 2.4 yuan per each additional kilometre (fares increase to 18 yuan / 3.1 yuan per km after 11pm).
Beijing has some of the worst traffic in the world, and the current absurdly low fares mean that drivers are often better off not picking up customers during rush hour.
[Image credit: @kouchi // Via: Beijing Cream]