Land Transportation Franchising and Regulatory Board (LTFRB) just announced this March 6, 2015 there will be a rollback in Taxi flag down rate nationwide for P10.
Such rollback shall be effective this Monday, March 9, 2015 nationwide. From the regular taxis of P40 will be P30 instead. On the other hand airport taxis from P70 will be P60 instead.
LTFRB Chairman Winston Ginez clarified that as the rollback is only provisional, taxi meters will not be recalibrated to reflect the new rates. As such, the meters would still show P40 (or P70 for airport taxis) as the initial fare. To apply the new provisional rates, taxi drivers would have to manually deduct P10 from the total fare.
The LTFRB advised all passengers to take note of the new rates. The board also warned that taxi drivers who refuse to implement the rollback will be apprehended.