MANILA, Philippines – Blame the soaring global oil prices for the P0.50 increase in jeepney fares effective Wednesday, March 21.
This was the explanation of Transportation Secretary Mar Roxas during a press briefing on Tuesday, March 20, where he confirmed the upcoming fare increase following the public transport sector’s petition.
“We are balancing the interests of everyone,” Roxas said.
The Land Transportation Franchising and Regulatory Board (LTFRB) later announced that it has granted a provisional fare increase in public utility jeepneys.
The additional 50 centavos covers the first 4 kilometers only and not the succeeding kilometers.
In Metro Manila, jeepney fares will increase to P8.50.
The fare hike will be implemented in the National Capital Region as well as regions 3 to 10.
The other regions did not file a petition for a fare hike.
The LTFRB said this fare hike is provisional. Once diesel prices return to P45 per liter, minimum fares will be rolled back.
The last time the LTFRB imposed jeepney fare hike was in July 2008, when the price of diesel went up to P52 per liter. – Rappler.com