The Land Transportation Franchising and Regulatory Board (LTFRB) has approved the permanent reduction of taxi flag-down rates nationwide (except Cordillera Administrative Region) to Php30USD 0.51INR 43EUR 0.49CNY 4.
The new flag-down rate for regular taxis is Php30USD 0.51INR 43EUR 0.49CNY 4 and Php3.50USD 0.06INR 5EUR 0.06CNY 0.43 for every 500m or 90 seconds waiting time. For Airport taxis, it is at Php60USD 1INR 87EUR 0.98CNY 7 and Php4.00USD 0.07INR 6EUR 0.07CNY 0.50 for every 500m or 90 seconds waiting. Baguio City, on the other hand, will be Php30USD 0.51INR 43EUR 0.49CNY 4 at Php2USD 0.03INR 3EUR 0.03CNY 0.25 for every succeeding 400 meters and Php2USD 0.03INR 3EUR 0.03CNY 0.25 for the waiting time per 60 seconds.
“After carefully weighing and considering various socio-economic factors, the Board decided that the favorable effects of the steady and steep down-trend of crude prices which have a higher and direct impact to the transport sector being enjoyed by transport operators and drivers must also be passed on to the commuting public,” LTFRB chairman Winston Ginez said.
The lowered rates will be effective on March 19, 2016, Saturday. LTFRB has also scheduled the calibration and resealing of taxi meters starting April until June 2016.
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