Jeepney fare back to Php 8.00 due to major oil price rollback

By: System Admin in General Topic

Jeepney fare is once again set to a mininum pay of Php8 starting today. Land jeepney-philippinrd.jpgTransportation Franchising and Regulatory Board (LTFRB) issued a recall order on the provisional fare increase of 0.50 that was implemented last March. This is in response to major price rollback of oil companies. Prices were cut by Php1.70 per liter for gasoline and Php1.50 per liter for diesel. Due to these price changes, gasoline is currently at Php54 per liter range, while diesel prices are now around Php44 perliter.

Atty. Manuel Iway, LTFRB Board Member, said transport groups failed to provide ample evidence that they are losing revenue. Moreover, in its last fare increase issued in March, the LTFRB declared that the provisional Php 0.50 increase for jeepney fare was conditional and agreed that it will be recalled once diesel prices hit Php45 per liter or lower.

However, transport groups said they will attempt to file an appeal regarding the LTFRB decision.

Definitely all commuters will be happy on this news.

Source: ABS-CBN news

System Admin


System Admin Administrator came from a very humble beginning. Born in the middle of the jungle. Raised by a very loving mother. Grew with a very hard working father. Experienced poverty at the lowest level.

Posted by on 15 May 2012

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General Topic 2

if the gas price goes up, does that mean jeepney drivers can automatically adjust their fare too? just wondering

Another question would be how about cab fares? :) Tuesday, May 15 2012 - 23:01

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