MANILA The Land Transportation Franchising and Regulatory Board (LTFRB) on Monday issued its fare matrix to 2,365 jeepney drivers and operators in the National Capital Region, Central and Southern Luzon to reflect the PHP10 minimum jeepney fare which took effect last November 2.
Data provided by the LTFRB showed that the fare matrices were issued to 803 jeepney drivers and operators n Metro Manila, 717 in Central Luzon, 566 in Southern Luzon, and 279 in its Central Office.
Due to limited space and influx of operators requesting for fare matrix in NCR office, the releasing of matrix for NCR will be done at the LTFRB Central Office starting tomorrow (November 6), the Board said in its statement.
The LTFRB has warned jeepney drivers found charging the increased fare without the new matrix will be apprehended for overcharging.
Meanwhile, the Department of Transportation (DOTr) asked the LTFRB to review the jeepney fare hikes amid the declining oil prices in the world market.
DOTr Secretary Arthur Tugade said fares must be based on a predetermined matrix that will set clear guidelines when these should be increased or lowered.
He directed the LTFRB to come up with a parametric formula so that fare adjustments would become automatic rather than rely on petitions.
The LTFRB has approved last Oct. 18 a PHP2 increase in the minimum jeepney fare from PHP8 to PHP10 in Metro Manila, Central Luzon and Southern Luzon.
The petition for the jeepney fare hike was filed in September last year, citing higher fuel prices. (PNA)
Source: Philippine News Agency