LTFRB reviews fare hike petition of jeepney groups

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LTFRB reviews fare hike petition of jeepney groups - Business Mirror

Quick Summary:

THE Land Transportation Franchising and Regulatory Board (LTFRB) said on Tuesday it is reviewing the petition filed by transport groups seeking a P15 minimum fare for public utility jeepneys.

Since the start of 2025, oil prices have recorded net increases of P1.80 per liter for gasoline and kerosene and P2.30 per liter for diesel.

While we remain committed to ensure that their livelihood is sustainable, we must also carefully balance this with the welfare of commuters who are equally affected by the current economic conditions,” Guadiz said.