Sunday 6 November 2022 10:25 PM Uber, Ola, Didi price rise: Sydney taxi drivers offered $150k as passenger ... trends now

Why your Uber’s about to get more expensive: Taxi drivers are offered ‘unprecedented’ deal to get out of the industry forever – here's how it's going to cost you All rideshare customers will pay a $1.20 service levy, up from the old $1 levy The levy will be used to pay a higher compensation for all taxi licence holders Taxi drivers in metropolitan Sydney will be offered up to $150,000 for their plate Taxi drivers in other NSW areas will be offered between $85,000 and $195,000

By Ashley Nickel For Daily Mail Australia

Published: 22:19 GMT, 6 November 2022 | Updated: 22:20 GMT, 6 November 2022

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Your rideshare trip is about to get more expensive as the NSW government announces a price hike to its passenger service levy to help taxis bail out of the industry.

Taxi licence holders will now be compensated as much as $150,000 for their number plates in Sydney but it comes at a cost, with the service levy jumping from $1 to $1.20 for every trip.

The price hike will stick around until 2030 and is expected to net an extra $260million for the ailing taxi industry.

The offer, announced by the NSW government, to deregulate point-to-point transport services, like taxis and Uber, will be fully funded by the increased service levy.

Drivers in other areas of the state will be offered between $85,000 and $195,000, depending on where they live.

All taxi and Uber customers will pay a $1.20 levy on every trip to fund compensation for NSW taxi licence plate holders

The huge compensation for taxi

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