Budapest taxi fares from Monday are increasing by 10%, with the basic fare rising to 1,100 forints (EUR 2.9) and the per-kilometre fare to 440 forints, while per-minute fare will go up to 110 forints. On January 25, the City Assembly amended the taxi price regulation at the proposal of Gergely Karácsony, the mayor. The fuel price cap was scrapped at the start of December, leading to a big increase in costs for taxi drivers, according to the justification of the measure.