The Land Transportation Franchising and Regulatory Board yesterday granted the petition of transport groups asking for a P1 increase in public utility jeepney fares in Regions 3, 4, and the National Capital Region.
Starting third week of February, minimum fares for jeepneys for the first four kilometers will be P8 from P7 which was implemented January 2015.
The rate of P1.50 per succeeding kilometer remains.
The fare hike will be implemented 15 days after the publication of the LTFRB order.
The agency granted the petition of transport groups Alliance of Concerned Transport Organization, Alliance of Transport Operators and Drivers Association of the Philippines, Federation of Jeepney Operators and Drivers Association of the Philippines, and Liga ng Transportation at Operators sa Pilipinas due to increasing fuel prices.
Also approved was the temporary return of the P40 taxi flag down rate taxis in Metro Manila, Cebu, and Panay.
The taxi flag down rate had been P30 after a P10 rollback since January 2015.
The succeeding rate for every two minutes of waiting time remains at P3.50.
Meanwhile, oil firms will increase pump prices today, following international market trends.
In an advisory, Flying V, Seaoil Philippines, and PTT Philippines said they will hike gasoline prices by 50 centavos per liter and diesel prices by 30 centavos per liter. Flying V and Seaoil added they will increase kerosene prices by 30 centavos per liter.
Flying V will apply the price changes at 12:01 a.m. while Seaoil and PTT will implement the movements at 6 a.m. (Vanne Elaine P. Terrazola and PNA)