[ LTFRB MEMORANDUM CIRCULAR NO. 2002-018, December 26, 2002 ]
TWENTY (20%) PERCENT MARGIN BETWEEN REGULAR AND AIR-CONDITIONED BUS FARES
Pursuant to the said DOTC policy directive, air-con bus fares should be at least twenty (20%) percent higher than ordinary/regular bus fares.
In accordance with this memorandum circular, it shall be deemed a violation of the terms and conditions of the Certificates of Public Convenience of air-con bus operators to charge air-con fares below this mandated twenty (20%) percent margin of difference with ordinary/regular bus fares, warranting the imposition of the appropriate sanctions or penalties.
This Memorandum Circular shall take effect fifteen (15) days after its due publication under Presidential Memorandum Circular No. 11 dated October 9, 1992.
Adopted: 26 Dec. 2002
(SGD.) DANTE M. LANTIN
Chairman
(SGD.) FELIX S. RACADIO
Board Member
(SGD.) REMEDIOS G. BELLEZA
Board Member