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London black cab cost data shows where vehicle and parts prices climb, fuel and home charging fall

The cost of running a London black cab has increased by 4.01% year-on-year, according to Transport for London’s latest cost index comparing 2024 and 2025 figures, with higher vehicle, parts and labour costs offset slightly by falls in fuel and home charging prices.The data, used by TfL to inform taxi tariff reviews, shows the grand total benchmark rising from £79,425.25 in 2024 to £82,608.16 in 2025. The pence-per-mile equivalent increased from 361.02p to 375.49p.Total operating costs rose 2.03%