LTFRB OKs Proposed Jeepney Minimum Fare Increase
LTFRB – The Land Transportation Franchising and Regulatory Board approved the proposed increase on the minimum fare in jeepneys.
Many Filipinos are currently having a hard time financially amid the high fuel costs in the country. The series of oil price hikes in the Philippines started in January and it brought the prices of diesel and gasoline unimaginable costs.
Currently, the prices of diesel and gasoline are past P90 per liter in several fuel stations nationwide. Many people are calling for the suspension of the fuel excise tax.
However, Malacañang rejected the call saying that the fund from the fuel excise tax is already allotted for several government projects. The incoming administration also expressed not being in favor of its suspension.
Before the 6-year term of the current administration ends, the Land Transportation Franchising and Regulatory Board (LTFRB) approved the proposed fare increase in jeepneys amid the high fuel costs.
Based on a report on ABS-CBN News, LTFRB gave the P2 increase on minimum jeepney fare a green signal bringing the minimum jeepney fare in Metro Manila and Regions 3 and 4 to P11. With regards to the base fare in other regions, there will be an increase of P2. It is applicable for all traditional jeepneys.
With regards to modern jeepneys, based on the report, the transportation body approved a P1 increase bringing the minimum fare to P13. Pasang Masda president Obet Martin who is one of the petitioners of the fare increase expressed gratitude over the passage of their proposal.
According to Martin, he is grateful for the approval of the petition as it is a big help for those who are in the transportation sector. He stressed that the oil price hikes are really a problem, especially for those whose vehicles are loading diesel.
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