IMPLEMENTATION OF PARAGRAPH (C) SECTION 5 OF EXECUTIVE ORDER NO. 202
Thus, pursuant to Paragraph (c), Section 5 of Executive Order No. 202, dated 19 June 1987, providing that the Board shall have the power and function “to determine, prescribe and approve and periodically review and adjust reasonable fare rates and other realted charges, relative to the operation of public land transportation services provided by motorized vehicles,” the minimum fare of FOUR PESOS (Php4.00) for jeepneys nationwide shall now be based on the first FOUR KILOMETERS instead of the previously set five (5) kilometer-benchmark.
This Memorandum Circular modifies and/or supersedes any and all decisions and/or issuances inconsistent herewith.
This Circular shall take effect immediately.
SO ORDERED.
Adopted: 31 March 2004
(SGD.) MARIA ELENA H. BAUTISTA
Chairperson
(SGD.) FELIX S. RACADIO
Board Member