TLC approves taxi fare hikes

The cost of a taxi ride in the city is going up by an average of 17 percent.

The Taxi and Limousine Commission (TLC) has approved a fare hike for both yellow and livery cabs, but will be keeping the base fare at $2.50.

The flat-rate fee between Manhattan and JFK Airport will also jump from $45 to $52, while the surcharge to Newark Liberty International Airport will rise from $15 to $17.50.

The changes could take effect by the end of the summer.

AP wire services contributed to this report

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