Good news jeepneyn commuters. Minimum fare cut of 1Php to jeepney fare was approved by the LTRB
Jeepney Minimum Fare Cut From 8.50Php To 7.50Php
Dec 11, 2014 at 10:57 AM
Posted by : Pinoy Secret Writer
Filed Under : News & Events
Manila, Philippines- A 1Php cut in the minimum fare of passenger jeepneys has been approved by the Land Transportation Franchising and Regulatory Board (LTFRB).
It means that jeepney operators should cut fares from the minimum of 8.50Php to 7.50Php for the first four kilometers.
A reduction of the minimum fare of jeepneys from P8.50 to P8 wss asked to Negros Oriental Rep. Manuel Iway, because of the series of rollbacks in fuel prices.
The group Pasang Masda has also asked the LTFRB for the “institutionalization of a fare adjustment mechanism with a conditional prayer for fare reduction.”
According to the group, LTFRB must be able to fast-track hearings on such petitions, basing the decision on historical prices of fuel.
photo courtesy of Danny Pata