The Land Transportation Franchising and Regulatory Board has set the new taxi flag down rate for the first 500 meters at P40 nationwide except for the Cordillera Administrative Region.
The fare will take effect tomorrow.
The provisional authorized flag down fare for taxis in the CAR was set at P35 for the first 400 meters.
There is no increase in rates for the succeeding meters or for waiting time.
The LTFRB granted the petition of the transport group Philippine National Taxi Operators Association to increase the flag down rate for taxis from P30 to P40 following the series of oil price hikes. (PNA and Vanne Elaine P. Terrazola)