A resolution released by The Land Transportation Franchising and Regulatory Board (LTFRB) approved and signed by the Chairman and Board Members in December 3, 2018 ordered for a rollback of minimum fare from P10 to P9 in Metro Manila, Central Luzon, and Southern Luzon after a series of rollback in fuel prices.
“The Board hereby resolved to order a provisional rollback of Public Utility Jeepney minimum fare to P9 for the first four kilometers for Regions 3, 4, and National Capital Region,” the Board Resolution No. 091 reads. “This Provisional Rollback of PUJ rate is without prejudice to the letter request dated 23 October 2018 addressed to the Board, and received on the same day, seeking to review the decision of the Board dated 18 October 2018,” it continued.
The released provision acknowledged the recent changes in the minimum fare and fuel prices until it arrived to the current rollback after a month and after jeepney drivers have paid P570 for fare matrices. This order, on the other hand, will be effective right after its publication in any newspaper of general and/or local circulation. Because the order is provisional, it will not require the drivers a fare matrix.
The LTFRB is also advised by DOTr to provide a formula that shall pre-determine fare adjustments as settled by economic markers such as world market price of crude oil, foreign currency exchange rate, consumer price index, inflation rate, and the financial viability of the transport system.
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