Following the global drop in oil prices, the Land Transportation and Franchising Regulatory Board (LTFRB) announced today that the cost of public transportation for jeepneys and taxis has been reduced. This means that the minimum fare for a jeepney ride is back to P7.50, while the P10.00 on top of the meter for taxi rides was removed as well. However, given the unpredictable nature of oil prices, the LTFRB stated that the fare reductions, particularly the removal of the P10.00 additional fare, will be for a period of 3 months only.
You may read the full news article here.
Wednesday, December 3, 2008
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