P2 jeepney fare hike could be scrapped with rollback in fuel prices — LTFRB
The P2 jeepney fare hike could still be scrapped following the series of rollback in petroleum products, the Land Transportation Franchising and Regulatory Board (LTFRB) said on Wednesday.
LTFRB Chairman Martin Delgra said that aside from the prices of the petroleum products, it would also consider the inflation rate in the country in as factors in determining if the board could withdraw its decision that implemented a P2 hike in jeepney fare.
“So may posibilidad [na bawiin yung fare hike], obviously if the justification is there and moving towards the suggestion of [transport] Secretary [Arthur] Tugade,” Delgra said in an interview with CNN Philippines.
The Department of Transportation earlier asked the LTFRB to review the recent fare hike for public utility jeepneys in the National Capital Region (NCR), and in Regions 3 and 4.
“That would be a good mechanism by which we would be able to at least hasten the process determining fare at any point in time — kung may galaw either sa inflation, kung may galaw sa fuel prices. So those things we will also consider,” Delgra added.
As of Tuesday night, a total of 6,360 fare matrices were already distributed by the LTFRB to jeepney drivers.
A fare matrix should be posted inside the jeepney before drivers could charge the new P10 minimum fare.
Without a fare matrix, the LTFRB said jeepney drivers would be fined for overcharging. /muf
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