THE LAND TRANSPORTATION Franchising and Regulatory Board (LTFRB) has approved a P2 fare increase for public utility jeeps.
LTFRB granted the petition filed by various transport groups seeking for a permanent fare hike for jeeps from P8 to P10. “The Board hereby resolves to grant the petition for a fare increase, to make permanent the provisional increase of P1 granted on July 6, 2018 and an additional P1 for the first four kilometers or a minimum fare of P10 from the original fare of P8,” LTFRB decision reads.
The decision shall be effective 15 days after publication in a newspaper of general or local circulation. However, the Board clarified that drivers must not impose the new jeepney fare yet as it has yet to release an official copy of the decision.
“Please be informed that the LTFRB will release an official copy once the document is signed by the LTFRB Executive Director and marked as docketed. We request drivers to wait until the LTFRB releases the official document on the fare hike before charging any additional fare,” the LTFRB said.
LTFRB Chairman Martin Delgra III said they will decide on the jeepney fare hike which is aimed at mitigating the impact of a series of oil price increases in the country. He said they strive to come up with a fare structure that will balance the welfare of the riding public and ensure sustainable income for jeepney operators and drivers. (Aerol John Pateña)
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