P8 Pesos Jeepney Fare Starts on February 2, 2011 — LTFRB

Starting this February 2, 2011, Wednesday, jeepney riders nationwide will have to increase an extra P1 pesos for their fare, after the Land Transportation Franchising and Regulatory Board (LTFRB) approved a fare hike.

The minimum jeepney fare in Luzon will now be P8 from the original P7 pesos, while minimum fare in Visayas and Mindanao will be P7.50 from P6.50.

According to GMA News "24 Oras" report, the LTFRB said the hike does not need to undergo hearings and may be immediately implemented as it was the original minimum fare approved by the board in 2008.

Even LTFRB approved the increase of the jeepney fare, still the new fare hike is below the P8.50 originally approved by the LTFRB in July 2008. Operators voluntarily reduced the rate to P7 in February 2009 after a rollback in fuel prices.

Acto president Efren de Luna said, "(Sana) magkaroon ng standard ang LTFRB na win-win solution, wala na yung hearing-hearing. Kapag bumaba, rollback ng 50centavos. ‘Pagka tumaas, taas kaagad ng 50 centavos, para lumalabas, parehong panalo. "

Category: Announcement , News