Friday, November 7, 2008

P0.50 Fare Rollback in Davao Effective Today

Effective today, the minimum jeepney fare in Davao City will roll back to P7.50 after the P0.50 fare rollback announcement by the Land Transportation Franchise and Regulatory Board. Students, differently-abled and the elderly will pay a minimum fare of P6.

The rollback came after the National Consumer and Commuters Protection Inc. filed a petition with LTFRB for a fare rollback following the reduction of oil prices in the world market and the rollback in diesel and gasoline prices the latest of which was the P5 rollback by the Big Three.

LTFRB XI administrative office Edgar Violan said drivers should implement the fare rollback effective Friday, November 7. He said case number 2008-1654 reduces the provisional fare for the first four kilometers from P8 to P7.50. But since this is only a provisional rollback, he added, the reduction will not apply on the succeeding kilometers.

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