Taxi fares are set to rise by an estimated 4 per cent nationally from today.

While the initial charge for a journey has been reduced from 4 euro 10 cent to 3 euro 60 cent, the cost for the distance travelled is going up.

It means shorter fairs will cost slightly more, and medium fares up to 30km will have a more noticeable change - but longer fares will show a reduction in price.

It's the first time fares have increased since 2008.

And CEO of Dublin taxi app 'Lynk' Noel Ebbs says they aren't likely to go up again anytime soon.