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PIA Press Release

Reduced fare rates start 11 a.m. today

But not yet for Region 8

Tacloban City (November 5) -- Commuters of public utility jeeps, buses and multicabs nationwide will enjoy a P.50 minimum fare reduction starting 11:00 o'clock today, November 5, 2008, as announced earlier by the Land Transportation Franchising and Regulatory Board.

However, the fare reduction will not yet be implemented in Region 8, according to Land Transportation Franchising and Regulatory Board Region 8 legal officer, Atty. Manuel Reynaldo Martillo.

When reached by the Philippine Information Agency, Atty. Martillo said that LTFRB Regional Office 8 is still waiting for the copy of the LTFRB decision from the LTFRB Central Office.

Besides, the office is also waiting for the Implementing Rules and Guidelines, Atty Martillo added, which the office needs before implementing the new rate.

Much as LTFRB 8 wants to implement the transport fare reduction immediately for the benefit of the commuters, it couldn't do so pending the receipt of the documents mentioned, Atty. Martillo said.

Atty. Martillo said intimated that LTFRB 8 Regional Director Arthur L. Saipudin has already called up the Central Office regarding this and the Regional Office is hoping to receive the fax copy of the LTFRB decision this afternoon or tomorrow morning.

Meanwhile, LTFRB Chairman Thompson Lantion said that more fare reductions may be implemented before Christmas.

The rollback approved is only provisional, Chairman Lantion said. A petition for P1.50 rollback was submitted by the National Council for Commuters Protection earlier this year and the petition will still be heard on December 3.

In deciding to reduce the fare rates, the LTFRB cited the series of price cuts in the pump prices of fuel, particularly diesel.

LTFRB expressed hope that there would be further oil price cuts towards the end of the year to give transport groups more room to pass on their savings to the commuters. (PIA 8) [top]

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