Minimum fare for Jeepneys, Buses and Taxi will increase

To all those people who are using public transport like jeepneys, buses and taxis, don't be surprised that by Thursday, July 10, 2008 or Friday, July 11, 2008, there will be a higher minimum fare.

This is because the National Economic Development Authority (NEDA) has approved the proposal of the Land Transportation Franchising and Regulatory Board (LTFRB) for a fare increase brought about by continued oil price increase.

Here is the breakdown of the fare increase according to www.inquirer.net:

• jeepneys nationwide would now be charging P8.50 from P7.50 for the first four kilometers plus P0.25 for the succeeding kilometers;
• ordinary buses in Metro Manila, from P9 to P10 for the first five kilometers plus P0.20 for the succeeding kilometers; and airconditioned buses also in Metro Manila, 20 percent of that being charged by ordinary buses. Reports said this was from P11.50 to P12.50.
• an additional P10 would be added to the fare of taxis nationwide, which won’t be part of the flag down rate.