The Land Transportation Franchising and Regulatory Board (LTFRB) has given the go-ahead for fare hikes covering jeepneys and buses, with specific rates to be announced after further consultations.
The Land Transportation Franchising and Regulatory Board (LTFRB) of the Philippines has authorized fare increases for jeepneys and buses, as confirmed by Chairman Vigor Mendoza. The exact fare adjustment figures are expected to be revealed on the following Tuesday after submitting justifications to the Department of Transportation Secretary Giovanni Lopez. Mendoza emphasized the need to balance the increment, considering the financial burden on commuters and the potential inflationary impact on goods prices. These fare hikes will apply to all petitions filed previously for jeepneys and buses. However, fare adjustments for taxis and UV Express vehicles are excluded from the immediate announcement, as their petitions are still undergoing hearings and nationwide consultations. Transport group leaders expressed concerns about drivers’ earnings and called for continued operations despite the challenges. Melencio Vargas, president of the Alliance of Transport Operators and Drivers Association of the Philippines (ALTODAP), highlighted the limited financial returns for drivers and the importance of government subsidies. Meanwhile, the Pagkakaisa ng mga Samahan ng Tsuper at Operator Nationwide (PISTON) reaffirmed plans for protest actions linked to international conflicts affecting transportation workers. Additionally, the sector braces for expected substantial oil price hikes in the coming week, potentially exacerbating operating costs. The LTFRB is coordinating with government agencies to moderate the economic effects and avoid excessive burdens on the commuting public.
Sources referenced:
- https://www.gmanetwork.com/news/topstories/nation/980070/fare-hike-ltfrb/story/
