No LTFRB approval, no jeepney fare hike | Inquirer News

No LTFRB approval, no jeepney fare hike

/ 12:05 AM February 25, 2014

The Land Transportation Franchising and Regulatory Board (LTFRB) warned transportation groups Monday against implementing any fare increase without prior approval as this would lead to sanctions.

The board issued the statement after public jeepney operators sought to hike the minimum fare from P8 to P10. The petition also included a plea for a 50-centavo provisional increase.

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According to LTFRB Chair Winston Ginez, they will be forced to impose sanctions on transport groups that defy the board’s order not to increase minimum fares.

He added that a fourth hearing on the matter would be held on March 7 where the board would decide on a “concrete and impartial resolution.”

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“Transport groups cannot simply adjust fares whenever they want; there must be a proper forum to discuss their appeal,” Ginez said.

He stressed that the groups must back up their petition with solid evidence that the increase was necessary.

“We are requesting the transport groups to present studies and projections showing possible losses as a result of the factors they mentioned in their petition and other relevant documents that could prove the fare increase adjustment can be granted by the board,” Ginez said.

Transport groups composed of the Alliance of Concerned Transport Organizations, Federation of Jeepney Operators and Drivers Association of the Philippines, Pangkahalatang Sangguniang Metro Manila and Suburb Association, Alliance of Transport Operations and Drivers Association of the Philippines and the Liga ng mga Tsuper at Operator sa Pilipinas Inc. were behind the petition for a hike in the minimum fare for passenger jeepneys.

Other government agencies such as the Department of Trade and Industry and the National Economic and Development Authority will be invited by the board during the hearing to provide them advice on the possible impact of the requested fare increase, including how it will affect the stability of prices.

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TAGS: fare increase, jeepney fares, LTFRB, Metro
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