(Eagle News) — The Land Transportation Franchising and Regulatory Board on Wednesday, November 7, clarified the new fare matrix for public utility jeepneys costs P560, and not P610, as reported by some media outfits.
In an interview over CNN Philippines, Delgra said of the P560, the P510 represents the “regulatory fee” mandated by a department order as early as 2001.
He said the P50, on the other hand, represents the cost of the fare matrix itself.
According to Delgra, all the money collected by the LTFRB would be remitted to the National Treasury.
The LTFRB said all jeepney drivers and operators should first secure a copy of the new fare matrix before they can charge commuters with the P10 minimum fare.