Question & AnswerQ&A (LTFRB MEMORANDUM CIRCULAR NUMBER 2006 - 076)
The subject is the mandatory display of fare matrix and penalties for non-compliance thereof by public transport operators.
A penalty of One Thousand Pesos (P1,000.00) per unit is imposed, in addition to the regular filing fee.
It applies to all transport operators who have not yet filed an Application for payment for Fare Increase.
It became effective fifteen (15) days after its publication in a newspaper of general circulation or in the Official Gazette.
This Circular amended the Second Paragraph of Memorandum Circular No. 2005-034, as amended by Memorandum Circular No. 2006-054.
Operators are required to mandatorily display the fare matrix as prescribed by the LTFRB.
The Board exercises its regulatory powers as the legal basis for imposing penalties.
Operators must file an Application for payment for Fare Increase.
No, this Memorandum Circular supersedes any and all issuances inconsistent herewith.