The Land Transportation Franchising and Regulatory Board (LTFRB) has announced a PhP 10 rollback in the flag-down rate for taxis nationwide.

In a report by the, LTFRB board member Ariel Inton said that the PhP 10 rollback will reduce the flag-down rate from PhP 40 to PhP 30 starting March 9 (Monday).

Inton added that the new rate is provisional and doesn't require taxi meters to be calibrated. Instead, the driver should deduct PhP 10 from the passenger's actual fare.

The LTFRB also said that taxi drivers who refuse to follow the said rollback will be penalized with PhP 5,000.

"We support this new provisional rollback order from the LTFRB. The implementation will help promote driver honesty and I think this will be a good way to help monitor activities of our drivers as well. While we do carefully screen drivers, we cannot keep watch all of the time, especially when they are on the road," said a taxi operator who wished anonymity.