The Land Transportation Franchising and Regulatory Board (LTFRB) has approved a minimum jeepney fare hike that brought the minimum fare to P11 nationwide.
The LTFRB recently approved a P1 jeepney fare hike in Metro Manila, Central Luzon, Calabarzon and Mimaropa that brought the minimum fare to P10 in the regions.
On Wednesday, the LTFRB said these regions will see another P1 hike, while other regions that had yet to implement price increases will see a P2 minimum jeepney fare hike.
The minimum fare for modern public utility vehicles will also increase from P12 to P13.
The new minimum jeepney fare will take effect on July 1.
In increasing the minimum fare, the LTFRB earlier said the board was looking for the most “equitable decision for all stakeholders” amid the country’s skyrocketing oil prices.
On Tuesday, oil prices increased by P0.50 per liter of gasoline and P1.65 per liter of diesel. John Ezekiel J. Hirro