The Land Transportation Franchising and Regulatory Board (LTFRB) on Thursday officially announced that a fifty-centavo provisional cut in the existing P7.50 minimum fare in public utility jeepneys (PUJs) will be implemented on Friday in Metro Manila, Region 3 and Region 4.
The LTFRB said the cut was prompted by continuous drop in diesel prices, a reason why a consolidated petition for provisional reduction was filed by some of the oppositors on January 20, praying for the provisional reduction by P0.50 of the minimum jeepney fare or from the authorized P7.50 to P7.00.
The petitioners were transport groups Federation of Jeepney Operators and Drivers’ Association of the Philippines, Liga ng mga Tsuper at Operator sa Pilipinas Incorporated, Alliance of Concerned Transport Organizations and Pasang Masda Nationwide Incorporated.
The LTFRB order said that in the matter of the volatile fluctuations in the prices of oil at present in the world market, the board has responded to demands for fare adjustment.
“When the prices of oil in the world market start to tumble, the board does not hesitate to provisionally authorize reduction of fares. Now the prices of oil per barrel continue to plummet so much that there is again a pronounced clamor for further reduction of transport fares to reflect this trend,” the order read.
The agency pointed out that although there was a series of increases in oil prices in February 2015, it was negated by rollbacks last year and the first month of this year that resulted in substantial net decrease of oil prices from the first quarter of last year.
“Thus this board, taking into proper account and consideration the confluence of circumstances and incidents that transpired in local and world markets, resolved to grant the instant consolidated petition for provisional reduction for PUJ services.
For the first 4 kilometers, all jeepney passengers will have to pay P7.00 only.
Incremental fares for the succeeding kilometers after the first 4 kilometers shall remain at P1.50 per kilometer, subject to the same terms and conditions set forth in the order of provisional reduction fare issued on December 11, 2014.
Meanwhile, 20-percent discount will still be available for students, persons with disabilities (PWDs) and senior citizens, making their minimum fare P5.60.
The LTFRB is yet to decide in February on a commuter’s request to permanently lower the taxi flag down rate by P10 and a pending petition to increase the waiting time rate to P4.50 per 2 minutes from the current P3.50.