MANILA, Philippines—Starting Dec. 15, the minimum jeepney fare will be cut by 50 centavos nationwide for a three-month period because of declining fuel prices, the Land Transportation Franchising and Regulatory Board (LTFRB) said Wednesday.
Bus fares are also being reduced, and the mandatory P10 tip for taxi drivers is being suspended for the next three months.
In Metro Manila, Central Luzon and Southern Tagalog, the minimum jeepney fares 11 days from now will be P7.50.
It was the second fare reduction for jeepneys (also 50 centavos) and buses (50 centavos to P1) since Nov. 5, practically restoring the fares for jeepneys and buses to their levels in February.
Fares for public utility vehicles were raised twice this year (50 centavos for jeepneys and P1 for buses in May, and the same amounts in July) because of soaring fuel prices.
In Metro Manila, the fare for ordinary buses starting the third week of December will be P9 for the first five kilometers and P1.85 for every succeeding kilometer.
The existing rate is P9.50 plus P1.95 per extra kilometer. The minimum fare used to be P10 for ordinary buses in Metro Manila.
Air-conditioned buses will maintain their minimum fare of P11 for the first five kilometers but will cut the rate for succeeding kilometers to P2.20 from P2.35.
In provincial routes, bus operators agreed to cut 5 centavos from the per-kilometer charge of ordinary (from P1.40 to P1.35) and air-con buses (from P1.70 to P1.65).
Last month, there was a 50-centavo reduction in the rates charged by ordinary provincial buses and P1 for air-con buses.