They dropped off a petition with a representative from Mayor Daley's office and they're hoping to eventually meet with the mayor.
Drivers would like the fare increase as well as other reforms so they can avoid striking.
United Taxidrivers Community Council spokesperson Ron Florence said, "We are basically overdue for a fare increase and we take everything into consideration as a whole the cost of gas is truly affecting us but the economy also is affecting our livelihoods."
Some of the other reforms the cabbies want include a biennial review of rates of based on cost of living and driving. They are also concerned about lease rates.