MANILA - The Land Transportation Franchising and Regulatory Board
has approved an across-the-board provisional fare hike for provincial and city buses, which takes effect in the first week of November.
Acting on the petition of transport groups, the LTFRB raised the minimum fare of Metro Manila buses fare to P13 from P12 for air-conditioned units, and P11 from P10 for ordinary units.
The LTFRB did not raise the minimum fare of provincial buses, but allowed them to charge P1.55 for every kilometer after the first 5 kms, higher than the current P1.40.
Regulators approved the higher fare schemes due to rising fuel prices, LTFRB chairman Martin Delgra told radio DZMM.
The order is expected to be published in major newspapers on Friday, said Delgra.
It will be implemented 15 days after publication, likely during the first week of November, he said.
The LTFRB on Wednesday approved a P1 jeepney fare increase that will also take effect in November.