Lower Minimum Fare is set to be Effective on January 12, 2015

A minimum of 7.00 pesos fare will be effective on January 12, 2015 in Central Visayas. LTFRB published a notice about the new minimum fare of 7.00 from 7.50 pesos. Cebu Updates

But the business and commerce industry are against the new minimum fare. They said that 7.00 pesos is not enough, it should be 6 Pesos since the price of the fuel is still dropping. The current price of the Gasoline is more or less 36 Pesos while the diesel is around 27 pesos.

In recent years when the P7.50 provisional minimum fare was implemented, some drivers overcharged by collecting P8 and refusing to grant the mandatory discounts. (The minimum fare covers the first five kilometers.)

Businesswoman Teresa Chan, president of the Cebu Chamber of Commerce and Industry (CCCI), said that the minimum fare must be P6.50 -- or P6, if possible -- because the price of diesel is now P28.75 per liter and may further decrease in the next few days.