Environment & Infrastructure says the increase reflects inflation over the period June 2022 to June 2023.
The price rise translates to a 2-mile journey during normal daytime hours increasing by 60p, from £8.10 to £8.70.
A 5-mile journey in the evening hours would cost £1.80 more, going from £21.30 to £23.10.
E&I says the move is supported by the Guernsey Taxi Drivers Association.
The Committee asks any public comments on the proposed changes to be directed to Traffic and Highway Services by 21 November.
Taxi fares last rose in price in April 2023.

            Guernsey's Victor Hugo Centre reaches fundraising milestone and unveils sculpture
        
            Guernsey's police complaints process not 'in crisis'
        
            Guernsey could be disgraced Andrew’s new home - Royal biographer
        
            Guernsey Museums close for the season
        
            First visit of an EU ambassador to Guernsey
        
            Hotel guests help grow a greener Guernsey
        
            Guernsey man seeks donations after 2,000-mile challenge
        
            Charity funds upgrades at Guernsey swimming pool