LTFRB Approved P0.50 Cut on Jeepney Fare in Mindanao

The Land Transportation Franchising and Regulatory Board (LTFRB) in Northern Mindanao or Region X, has approved the P0.50 jeepney fare cut for all passenger jeepneys in the region due to the drop in oil prices worldwide. The announcement was released by the LTFRB through chairman Winston Ginez.

Jeepney Mindanao

LTFRB noted that effective January 20, 2015, the minimum fare in Northern Mindanow or Region X will be P7.00. Northern Mindanao comprised of the following provinces namely Camiguin, Misamis Oriental, Lanao del Norte, Bukidnon and Misamis Occidental and two highly-urbanized cities.

Aside from the cut in the regular jeepney fares in the region, the LTFRB also noted that the minimum fare for students, seniors citizens, and persons with disabilities has been lowered to P5.50.

The fare cut was approved in Northern Mindanao following a public hearing in Cagayan de Oro last January 7 and 8, 2015, according to LTFRB’s announcement.

The jeepney fare cut move by the LTFRB received no opposition among drivers and operators in the region. According to LTFRB Chairman Winston Ginez, the same fare cuts will be implemented also in other regions soon.

Here’s the official Announcement of LTFRB:

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