P1 provisional fare increase approved
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The Land Transportation Franchising and Regulatory Board on Tuesday approved a P1 provisional fare increase for public utility jeepneys which will take effect beginning Sunday, 8 October.
The LTFRB board said this will make the minimum jeepney fare will be adjusted from P12 to P13.
Provisional increase means the additional fare is temporary until the main petition for an increase is resolved.
The LTFRB acted on the petition of Pasang Masda, the Association of Concerned Transport Organizations, and the Alliance of Transport Operators and Drivers Association of the Philippines because of the continuing fuel hike.
However, the Board stalled the transport group's main petition for a P5 fare hike (and P1 per kilometer thereafter) and they are still subject of a review.
LTFRB chairman Teofilo Guadiz another hearing is set on 7 November 2023 for that petition.
Pasang Masda leader, Obet Martin, ALTODAP president Boy Vargas and ACTO president Liberty de Luna thanked the LTFRB Board for heeding to their call to lessen the impact of oil price hikes to their members.
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