LTFRB dispelled rumors of a fare hike soon.
The Land Transportation Franchising and Regulatory Board denied claims of a possible fare hike soon amid the implementation of the public utility vehicles modernization program. LTFRB Chairperson Teofilo Guadiz III stressed that the current jeepney fare will remain. "There is no basis to implement fare hike s for public utility vehicles ... Several factors such as inflation and cost of fuel must be considered before the agency approves a new fare increase,” said Guadiz.
The Department of Transportation earlier said that operators and drivers will be notified that their franchises are revoked “a week or two” after the April 30 consolidation deadline.The DOTR urged unconsolidated operators and drivers not to persist in operating despite their lack of franchise.The consolidation into cooperatives is part of the PUVMP.Started in 2017, the PUVMP aims to replace jeepneys with vehicles that have at least a Euro 4-compliant engine to lessen pollution.
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