Beyond this flag down minimum distance, passengers will have to pay ₹16.93 per kilometres for taxis and ₹14.20 per kilometre for autorickshaws, they added.
The fare hike has been calculated as per the formula devised by the four-member Khatua panel, and it entails a hike per kilometre of ₹2.09 for taxis and ₹2.01 for autorickshaws, a Mumbai Metropolitan Region Transport Authority (MMRTA) member said.
The decision was taken in an MMRTA meeting chaired by the transport secretary on Monday, he added.
Parab said drivers, owners will have to recalibrate their electronic meters within a period of three months from March 1 to reflect the new fares.
The minister said a fare hike has been given to the autorickshaw and taxi sector in the metropolis after a gap of six years and "it was long overdue".
The last fare hike was implemented on June 1, 2015, officials pointed out. PTI KK BNM BNM