The following fare rates will take its effect next year after the Land Transportation and Franchising Board (LTFRB) approved the petition to increase the fare for Taxis in Metro Manila. Image via Wikipedia The flag-down rate will be increased to 40 pesos from the current 30 pesos The rate for the succeeding 250 meters will be increased to 3.50 pesos from the current 2.50 pesos The above changes will take effect sometime in the middle of January, 15 days after its official publication in the newspaper.