The Land Transportation Franchising and Regulatory Board (LTFRB) is examining a request from taxi operators to raise the flag-down rate from P50 to P60, considering potential effects on national inflation.
This is AI generated summarization, which may have errors. For context, always refer to the full article.MANILA, Philippines – The Land Transportation Franchising and Regulatory Board is looking into the request of taxi operators to increase the flag-down rate to P60 from the current P50.
LTFRB Chairperson Teofilo Guadiz III said the agency was studying how another increase might impact inflation in the country. He added that a new LTFRB board will also study the request. “They still have to be briefed on the merits of the case before we come up with a decision,” Guadiz said, adding that the process may take two weeks.Taxi operators filed a motion for reconsideration on October 7, 2022, asking the agency to raise flag-down rates by P10 to bring rates to P55.
Taxi Flag-Down Rate LTFRB Inflation Philippines
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