MANILA, Philippines - The Land Transportation Franchising and
Regulatory Board (LTFRB) has approved a P0.50 provisional fare increase
for public utility jeepneys.
LTFRB chairman Jaime Jacob said the fare hike will be effective Wednesday morning.
He said the increase will be implemented while the LTFRB hears a petition filed by different transport groups seeking for a P2 increase in the minimum jeepney fare.
Jacob said the provisional increase will stay for as long as diesel prices remain high.
He said, however, that jeepneys will be required to roll back the minimum fare once diesel prices go back to P45 per liter.
Repost from:
http://www.abs-cbnnews.com/business/03/20/12/ltfrb-approves-p050-jeepney-fare-hike
LTFRB chairman Jaime Jacob said the fare hike will be effective Wednesday morning.
He said the increase will be implemented while the LTFRB hears a petition filed by different transport groups seeking for a P2 increase in the minimum jeepney fare.
Jacob said the provisional increase will stay for as long as diesel prices remain high.
He said, however, that jeepneys will be required to roll back the minimum fare once diesel prices go back to P45 per liter.
Repost from:
http://www.abs-cbnnews.com/business/03/20/12/ltfrb-approves-p050-jeepney-fare-hike
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