Wednesday, February 10, 2016

LTFRB slashes jeep fare in Bicol to Php7

MANILAAn order by the Land Transportation Franchising and Regulatory Board (LTFRB) on Tuesday approved a a Php7.00 minimum jeep fare for the Bicol Region, a 50-centavo reduction from the current fare of Php7.50.

The Board said that it reduced Php 0.50 from the fare considering that it has earlier approved the reduction of fare of Php 0.50 for jeeps plying in Metro Manila, Regions 3 (Central Luzon), 4 (Calabarzon, Mimaropa) and most recently Region 7 (Central Visayas).

“After careful evaluation of the recommendation of Regional Office No. II, (and No. V) the Board hereby resolves to grant a provisional fare reduction of fare Php 0.50 for the first four kilometers or from a provisional fare of Php 7.50 to Php 7.00 and the retention of the rate at Php 1.40 for every succeeding kilometer thereafter,” the Board said in separate orders for regions 2 and 5.

This also applies to persons with disability (PWDs), senior citizens and student with a 20 percent discounted rate.

LTFRB said that the minimum jeep fare is provisional and was decided upon based on a sustained drop in the price of petroleum products.

The order will take effect immediately upon its publication in a newspaper of generation circular in both Regions 5 and 2. (by Azer N.Parrocha PNA)

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