A recent statement from Beijing's traffic authorities has confirmed earlier media reports that taxi fares will soon rise in the capital.

Liu Xiaoming, head of the Beijing municipal commission of transport, said on Friday that an adjustment in taxi fares is inevitable.

It is expected that taxi fares in Beijing will be raised from the current 10 yuan ($1.62) to 15 yuan for the first three kilometers, and the charge will increase from two yuan to 2.4 yuan for every additional kilometer.