We could be paying almost 10% more for a taxi by the end of the year.
The National Transport Authority has recommended putting up prices.
Every two years the NTA looks at the cost involved in running a taxi from fuel prices, to the impact of inflation and increases in public transport.
It says costs for drivers have risen by 9 per cent since the last review and that fares should increase to reflect that.
You can have your say on the proposed changes with a public consultation now underway until August 16th.