The Land Transportation Franchising and Regulatory Board (LTFRB) on Monday announced a provisional 50-centavo reduction in fares for public utility jeeps (PUJ) in the Central Visayas region, bringing the minimum fare from P7.50 to P7.
It clarified though that the fare reduction, which is due to the continued decline in oil prices, covers only the first 4 kilometers in the fare matrix and does not apply to the fare computation for succeeding kilometers.
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