7 pesos minimum jeepney fare, effective January 22

Commuters, rejoice! According to the Land Transportation Franchising and Regulatory Board (LTFRB), the minimum fair for jeepneys in NCR (National Capital Region), Region 3 (Central Luzon) and Region 4 (Southern Tagalog) has gone from PHP 7.50 to PHP7.00 only effective today, January 22, 2016. However, the charge for succeeding kilometres will remain at PHP1.5o/km. The LTFRB ordered the fare reduction with the jeepney operators’ agreement relating to the series of oil price reductions.

The gasoline prices have decreased seven times since October of 2015, and they now range from PHP33.00 to PHP40.00 per liter. On the other hand, the diesel prices has decreased ten times since October from PHP23.00 to PHP19.00.

The LTFRB said that they are also studying a petition to permanently lower taxis’ flag down rate by PHP10.00; and there is also a petition to increase the waiting time rate to PHP4.50 every 2 minutes from the current PHP PHP3.50p. The said petitions will be discussed and they will issue the ruling next month.

Photo Source: http://yourlifeinthephilippines.com/2013/09/the-story-of-the-jeepney-4/
Information source: http://cnnphilippines.com/news/2016/01/21/Jeepney-fare-cut-P7-LTFRB-jeep.html