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

Author

System Admin

DiversityHuman.com 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 DiversityHuman.com on 15 May 2012



Enter your email address:

Enter a valid email and receive notifications of our new posts! We won't spam you. Promise!


COPYRIGHT DISCLAIMER: Should you, or your organization, possess the copyright to any images attached on our main entries and you are able to prove such claim, please contact the webmaster at your earliest convenience. Use of these materials (images,embedded videos, etc.) are not intended as a copyright infringement on any of the artist or any other entity's copyrighted material.



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? :)

DiversityHuman.com Tuesday, May 15 2012 - 23:01

Add a comment

HTML code is displayed as text and web addresses are automatically converted.

:-) :) ;-) ;) :-/ :-| :-D :( :-( :-C 8-) :-o :-O ;-( ;(' 8-O :arrow: :!: :-D :?: :-p :oops: :roll:


Thank you for the visit!

DiversityHuman.com - It's all about us. It's all about you!