THE Land Transportation Franchising and Regulatory Board (LTFRB) has extended until March 1 the issuance of fare matrix for public utility jeepneys (PUJs) and the routine re-sealing of taxi meters.
Lino Gulmatico, head of LTFRB-Bacolod, said the fare matrix should be posted on all PUJs.
The deadline is supposed to be February 26, but the LTFRB Regional Office decided to move it to March 1.
The fare matrix is for the regular fare reduction of 50 centavos – from P7 to P6.50 -- which was implemented because of the low price of fuels due to the series of price roll backs imposed by the oil companies.
Up to Thursday, only about 2,000 out of the 3,200 PUJs in Negros Occidental and Bacolod City were able to secure the fare matrix.
Gulmatico warned operators that failure to secure the fare matrix on first offense will mean a P5,000 penalty; second offense, P10,000; third offense, cancellation of franchise.
He said that drivers and operators even volunteered to give the fare rollback so there's no reason why they will fail to secure a fare matrix.
Meanwhile, Gulmatico said the LTFRB-Western Visayas also decided to extend the deadline for re-sealing of taxi meters.
The re-sealing of taxi meters are scheduled twice a year in the month of January and July. Re-sealing of taxi meters is done to make sure that taxi meters are not defective.
The LTFRB also slaps the same fines and penalty as the failure to secure a fare matrix for the failure to re-seal taxi meters.