Decision on proposed fare cut to be announced before weekend, says LTFRB
Manila (19 February) -- The Land Transportation, Franchising and Regulatory Board Chairman Alberto Suansing said that LTFB will announce the decision on the proposed fare cut before the week ends.
LTFRB has yet to hear and deliberate on whether or not to implement the proposed 50 centavos fare cut in public jeepneys and buses in Metro Manila on Monday, LTFRB said.
LTFRB chairman Alberto Suansing said the board has to discuss all the pleadings of transport groups and the petition of the National Council for Commuter Protection before coming up with a decision. He said they will also come up with a formula for the scientific computation of appropriate fare cuts or increases.
LTFRB defers the fare rollback saying that commuters have to wait for the exact date for the fifty-centavo rollback implementation.
"We cannot conclude (today) that there will be fare reduction on Monday," Chairman Suansing said, taking into account the sentiments of transport groups that attended this morning's public hearing at the LTFRB main office in Quezon City.
Transport groups such as Piston and Acto were divided on the issue of the 50-centavo fare rollback.
Piston suggested that the P7.50 minimum fare for the first four kilomenters can be retained but the charge for every succeeding kilometer may be reduced to 15 centavos.
Acto, on the other hand, proposed an automatic 50-centavo provisional cut in the minimum fare whenever global oil prices fall. (PIA 8) [top]