The Land Transportation Franchising and Regulatory Board (LTFRB) on January 25 announced a provisional 50-centavo cut in minimum jeepney fares in Regions 1, 2 and 6 due to the sharp fall in oil prices.
“The LTFRB made a decision to reduce PUJ fare by 50 centavos in the three regions after carefully evaluating the socio-economic impact of the fare reduction on all transport organizations and consumer groups,” LTFRB Chair Winston Ginez said.
The minimum fare reduction covers the first 4 kilometers in Regions 1 and 2, and the first 5 kilometers in Region 6. The fare rate for the succeeding kilometer in Regions 1 and 2 remains at P1.40, and P1.15 in Region 6.
Persons with disability (PWDs), senior citizens and students in the regions will continue to receive 20-percent fare discounts.
The fare cuts came after the regional LTFRB offices in the three regions conducted simultaneous public consultations on January 16, which were attended by representatives of consumer groups, academe, and drivers and PUJ operators’ associations.
After hearing the arguments of the various multi-sectoral groups, the LTFRB, upon the recommendations of the three regional offices, decided to provisionally reduce the minimum PUJ fare from P8.50 to P8 in Region 1, from P8 to P7.50 in Region 2, and from P7.50 to P7 in Region 6.
Ginez noted that prices of diesel have already dropped nine consecutive times, bringing the accumulated total net decrease to an average of P9.70 per liter.
Last week, major oil companies slashed gasoline and diesel prices by P1.25 and P1.45 per liter, respectively. The latest rollback was the third consecutive price cut this year.
Also last week, PUJ fare rates in Regions 7 and 10 were likewise cut by 50 centavos.
Ginez said they have ordered other LTFRB regional directors to organize public hearings in their respective areas to assess the impact of the continuous drop in fuel prices on public utility vehicle operators and the commuters.