Land Transportation Franchising and Regulatory Board (LTFRB) chairman Thompson Lantion announced on Sunday the P7.50 minimum fare for public utility jeepneys (PUJs) starting tomorrow, Monday.
Speaking at the Balitaan sa Tinapayan forum held in Sampaloc, Manila, Lantion disclosed the rollback and the minimum fare for PUJs is now P7.50 for the first four kilometers.
"Effective Monday, the minimum fare for PUJs is P7.50 for the first four kilometers and additional 10 centavos for every next kilometer," said Lantion.
Prior to Monday's rollback, the minimum fare was P8.50 for PUJs.
During the forum, Lantion also disclosed the roll back of minimum fare for public utility buses (PUBs). "The minimum fare for PUBs is now P9 from P9.50," he told reporters.
Lantion also said the LTFRB will also remove the P10 add on for the taxi fare starting Monday.
However, the LTFRB chief said the rollback is only temporary and the provisional reduction will be implemented until March 15, 2009.
He said the LTFRB will hold hearing on February 18, 2009 for the petition on rollback to determine if the roll back will be permanent or not.
"By Feb. 18, 2009, we will conduct hearing on the petition. And we will decide if the reduction will be permanent or temporary or if there will be decrease or increase in fare depending on the oil price in the world market," said Lantion, adding that the fare rollback does not cover FX taxis in the meantime. - PNA