The Land Transportation Franchising and Regulatory Board (LTFRB) approved the hike from the minimum jeepney fare P7 to P8. The increase will be implemented starting Wednesday. The P1.25 rate for every succeeding kilometer will remain.
A provisional increase of P1 is also approved for provincial fares.
The jeepney fare hike is an answer to the rising prices of basic commodities and maintenance costs.
Since the jeepney fare hike is provisional, it may be revoked once the oil prices drop.
In July 2008, the provisional increase approved by LTFRB was P8.50. Due to the rollback of fuel prices, the rate became P7 in February 2009.