Effective today, February 13, the flagdown rates for taxis is now 40 pesos, or 10 pesos higher than what we’ve had for some time. This was approved by the LTFRB, as a result of rising fuel costs.
Starting today, taxi riders nationwide, including those in Metro Manila, will have to pay a flagdown rate of P40 after the Land Transportation Franchising and Regulatory Board (LTFRB) approved the provisional increase.
Although the rate for the first 500 meters will go up by P10, the fare for the succeeding meters and waiting time will remain the same.
Also in the report, taxi operators are requesting for an increase in the 300 meter/2 minutes incremental rate, with the desire to set it at Php 5.50, a significant increase from the current Php 3.50. Good luck to them with being competitive with Uber, Grab, and other ride-sharing alternatives.