What is a fare matrix?

What is a fare matrix?

A fare matrix is an official document from the Land Transporation Franchising and Regulatory Board that serves as a guide to passengers about the mandated fare kilometer in their areas.

How much is the tricycle fare in the Philippines?

Depending on where you are in the Philippines, the base fare for a tricycle ride can be as low as 10 pesos to as high as 200 pesos per person. The longer the route is, the higher the base fare will be. Scarcity of tricycles can also drive the base fare up.

How much does a tricycle driver make in the Philippines?

According to the survey of 2,487 tricycle drivers in Metro Manila, conducted last year, the ADB said those who obtained fintech loans to purchase their vehicles were able to earn P21,545 a month or a net daily salary of P731 because there were able to expand their businesses and tap other sources of income.

How are jeepney fares calculated?

Under the memorandum, the formula will be: Fare Adjustment = Fare Base (1+[Fuel Price] [Fuel Cost Share in Total Operation and Maintenance]). In a sample computation, the minimum jeepney fare is P9 for the first four kilometers plus P1.

How much is jeepney in Philippines?

Dubbed the ‘king of the road’, a jeepney fare is typically about 9 pesos, or US$0.18, cheaper than trains, taxis or motorised tricycles.

Is there any advantage in riding?

Physical exercise improves your mental health. Some of the mental health benefits of bike riding include: decreased stress and anxiety levels. triggers the release of ‘feel good’ chemicals in the brain that make you feel happy.

What are tricycles Philippines?

Motorized tricycles, or simply tricycles (Filipino: traysikel; Cebuano: traysikol), is a type of motorized vehicle from the Philippines consisting of a motorcycle attached to a passenger cab.

Is tricycle driver self employed?

Tricycle drivers are self-employed workers belonging to the micro, small, and medium-sized enterprises sector.

How much is minimum bus fare in the Philippines?

Acting on the petition of transport groups, the LTFRB raised the minimum fare of Metro Manila buses fare to P13 from P12 for air-conditioned units, and P11 from P10 for ordinary units.

How does the fare matrix work for the LTFRB?

“This is the fare matrix formula the (LTFRB) Board will adopt whenever there are fuel price adjustments, principally,” LTFRB Chairman Martin Delgra said in a mobile phone message. “The principle behind [the circular> being that when the fuel adjustment–downward or upward–reaches a threshold, a change in fare will take place.”

When does the PUJ fare matrix come out?

THE LAND Transportation Franchising and Regulatory Board (LTFRB) is set to release by the second quarter a fare matrix for public utility jeepneys (PUJ) that will allow drivers to raise or reduce fares according to the price of fuel.

What’s the formula for fare increases in the Philippines?

The formula for fare increases developed by the technical working group considers the change in pump price of fuel multiplied by the operating cost of PUJ drivers over the average income of Filipino workers.

When do LGUs need to issue fare matrix?

MANILA, Philippines — Local government units (LGUs) should issue a fare matrix before allowing tricycles to operate in order to prevent commuters from being overcharged, the Department of the Interior and Local Government (DILG) said Friday.