Metro Manila. Image via WikipediaThe Land Transportation Franchising and Regulatory Board (LTFRB) has approved today a fare increase on buses operating in Metro Manila. The reason for the fare hike is the continuous increase of fuel prices.
Here's the detail of the bus fare hike:
The minimum bus fare for the first 5KM is currently 9 PESOS and will increase to 10 PESOS.
The rate for per succeeding kilometers which currently stand at 1.85 pesos will NOT change.
The minimum bus fare for the first 5KM is currently 11 PESOS and will increase to 12 PESOS.
The rate for per succeeding kilometers which currently stand at 2.20 Pesos will NOT change.
The fare hike will be implemented starting on Tuesday, March 29, 2011.
The approved increase is lower than the petitioned amount which is 5 pesos for ordinary buses and 6 pesos for air-conditioned.
Buses operating outside Metro Manila are not part of the fare rate increase.