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Can jeepney fares stay at P15 after modernization? Experts fear it could double.

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Leonard Sarao of the renowned jeepney manufacturer Sarao Motors also says the monthly loan amortization for the pricey modern jeepneys could lead to higher fares

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Experts and manufacturers fear that the high cost of modern jeepneys could force a fare hike, especially since some jeepney operators are already struggling to pay for the monthly amortization of their new vehicles.Yung jeepney price po na P2.5 million, mag-iincrease ang fare natin, possibly from P27 to P40 per . So ‘yung sinasabi ng DOTr , LTFRB .

“High quality, safe, comfortable, and clean jeepneys have a corresponding price to pay. Making the riding public believe that there is no fare hike is like owning a cake and eating it too,” Mendoza said in a UP-hosted roundtable discussion on Monday, April 8.LTFRB: Fare hikes follow a process Bolano also mentioned that some cooperatives, which have already bought modern jeepney units, wanted to keep the current minimum fares, fearing that a raise in minimum fares would lead to fewer passengers and cut their revenues.

 

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