Question & AnswerQ&A (LTFRB MEMORANDUM CIRCULAR NO. 2004-009)
The subject matter is the adjustment of the minimum kilometer benchmark for jeepney fares from five (5) kilometers to four (4) kilometers, changing the minimum fare basis to Php4.00 for the first four kilometers.
LTFRB derives its power from Paragraph (c), Section 5 of Executive Order No. 202, dated 19 June 1987, which authorizes it to determine, prescribe, approve, periodically review, and adjust reasonable fare rates and other related charges for public land transportation services.
The minimum fare is FOUR PESOS (Php4.00) based on the first FOUR KILOMETERS.
The circular adjusted the minimum kilometer benchmark from five (5) kilometers to four (4) kilometers for calculating jeepney fares.
Yes, the circular modifies and/or supersedes any prior decisions or issuances that are inconsistent with the new fare adjustment provisions.
The circular took effect immediately upon adoption on 31 March 2004.
The circular was signed by Maria Elena H. Bautista, Chairperson, and Felix S. Racadio, Board Member.
The fare adjustment specifically pertains to jeepneys operating nationwide.
Consultation ensures that the fare adjustments consider the interests and concerns of the operators and stakeholders, promoting fairness and acceptance.