The Land Transportation Franchising and Regulatory Board (LTFRB) warned Wednesday transport operators and drivers to keep the minimum jeepney fares at P9, pending any decision on the fare hikes amid the successive increases in domestic pump prices.
LTFRB executive director Maria Kristina Cassion reiterated that the minimum jeepney fare stands at P9, and those who charge more could be penalized for overcharging.
Cassion noted that under the current guidelines, operators and drivers found guilty of overcharging will be slapped with a P5,000 fine for the first offense; a P10,000 fine and impounding of their unit for the second offense; and P15,000 and possible suspension and cancellation of their franchise for the third offense.
The LTFRB on Tuesday heard petitions from transport groups 1-UTAK, the Alliance of Concerned Transport Organizers, the Alliance of Transport Operators and Drivers Association of the Philippines, Pasang Masda, and the Liga ng Transportasyon at Operators ng Pilipinas. Oil firms on Tuesday hiked prices per liter of gasoline by P3.60, diesel by P5.85, and kerosene by P4.10, marking theLatest data available from the Department of Energy indicate that year-to-date adjustments stand at a total net increase of P8.75 per liter for gasoline, P10.85 per liter for diesel, and P9.55 per liter for kerosene as of February 22, 2022.
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