Jeepneys get a bit cheaper

At the start of the week, oil companies rolled back diesel prices by PHP 1.50 per liter and gasoline prices by PHP 1.65 per liter.

Following this biggest rollback in fuel prices by oil companies since the start of this year, the Land Transportation Franchising and Regulatory Board (LTFRB) on Monday signed an order recalling the 50-centavo adjustment in minimum jeepney fares granted in March.

In the same order, the LTFRB denied the consolidated petition of several transport groups for a permanent PHP 2.00 increase in jeepney fares, saying that a substantial hike would be too much of a burden for passengers.

Starting today (Tuesday), the minimum jeepney fare has been reduced by 50 centavos to PHP 8.00 in Luzon, and PHP 7.50 in the Visayas and Mindanao.

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