PUJ fare now P6.50
Land Transportation Franchising and Regulatory (LTFRB) has started distributing the new fare guide to all transport associations yesterday.
The fare guide embodies the 50 centavos fare reduction on the minimun jeepney fare in Western Visayas.
LTFRB regional director Porfirio Clavel said they already received the official order from LTFRB central office late Tuesday.
Under the new fare rates, the minimum jeepney fare in the region will be P6.50 from the present P7.00. The discounted fare for students and the elderly will become P5.20 from the present P5.60.
There will be no adjustments in the rates after the first five kilometers, according to Clavel.
The fare decrease was prompted by the continued drop in the prices of oil products in the world market.
But Clavel said the decrease is only provisional because of the volatility of prices of oil products.
Transport organizations in Iloilo vowed to comply with the fare reduction.