Monday, December 15, 2008

Minimum Fare Back To P7; Taxi Fares Sans P10 Additional Rate

The Christmas wish of millions of commuters all over the country has finally been granted with the rollback in public utility fares starting today December 15.

Starting Monday jeepney fares will be back to the original P7 rate for the first four kilometers and an additional P1.40 for every succeeding kilometer. The dreaded and much-criticized P10 additional fare for taxi has also been scrapped and the Land Transportation Franchising and Regulatory Board XI will start removing them today.

LTFRB administrative office Edgar Violan however said this is only a provisional fare rate which is effective from December 15, 2008 to March 15, 2009. The rollback came as a result of the series of rollbacks in oil prices in the world and even the lcoal markets.

The LTFRB will spearhead a hearing on February 18, 2009 to discuss final fare rates for jeepneys and other public utility vehicles.

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