LTFRB approves P1-jeepney fare rollback in NCR
LTFRB approves P1-jeepney fare rollback in NCR
The Land Transportation Franchising and Regulatory Board cites the spate of oil price rollbacks in approving a provisional reduction in the minimum jeepney fare in Metro Manila

MANILA, Philippines – The Land Transportation Franchising and Regulatory Board (LTFRB) has approved a P1-provisional rollback on public jeepneys in Metro Manila.

The LFTRB made the announcement on Thursday, December 11, 3 weeks after it began hearings on a petition seeking a reduction in jeepney fares in Metro Manila due to a series of diesel price rollbacks.

LTFRB chairman Winston Ginez said in an interview on ANC that the rollback will only apply to the minimum fare or the first 4 kilometers.

“We are issuing today our decision and we will make this decision effective immediately….PUJ drivers are enjoined to impose the reduction immediately,” Ginez said.

He said the LTFRB “will further evaluate and observe the trend in diesel prices and other prices of spare parts concerned,” since there are projections that the downtrend in oil prices will continue.

Ginez said the LTFRB will seek an “economic outlook and social impact study” from the National Economic and Development Authority (NEDA) in line with the decision, as well as an outlook on oil prices.

Negros Oriental Representative Manuel Iway had filed a petition to reduce the minimum fare for public utility jeepneys (PUJs) to P8 ($0.18*) from P8.50 ($0.19) for the first 4 kilometers.

The current jeepney fare was implemented on June 14 this year.

Even before the LTFRB began the hearings, transport group Pasang Masda had expressed willingness to voluntarily roll back jeepney fares from P8.50 to P8, or the level prior to the provisional fare hike announced by the LTFRB in June, citing lower diesel prices

Since diesel was selling at P45 per liter when the minimum fare in Metro Manila was hiked from P8 to P8.50 in June, but had gone down to P37 per liter as of October. –

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