LTFRB to review fare adjustments amid transport group protests

A jeepney driver gives the passenger a change for paying bigger amount for the fare. (Photo by EARVIN PERIAS / INQUIRER.net) MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) said Wednesday that it will review the appropriate fare adjustments based on petitions for a P10 fare hike from transport groups. According to the LTFRB, it will issue a final resolution on the price adjustment, instead of an “interim adjustment given the price of petroleum products.” The move is meant to address the oil crisis brought by the Middle East conflict. Article continues after this advertisement “The LTFRB, upon instructions of DOTr Secretary Giovanni “Banoy” Z. Lopez, will recompute the appropriate fare adjustments based on the call of Manibela and the pending petition of PISTON for a P10 fare hike,” board said in a statement. It added that there are factors still being considered, such as commuters’ capacity to adapt to the additional transportation costs, as well as the potential impact of the fare adjustments on the prices of basic goods and services. “In the meantime, the fuel discount will continue, and the LTFRB is exploring the possibility of expanding its coverage to reach as many PUVs as possible, as well as increase the amount,” it added. READ: Manibela announces 2-day strike to protest big time fuel price hikes Transport group Manibela staged another nationwide strike on Wednesday, July 22, following the double-digit price increase of diesel and kerosene. Article continues after this advertisement Earlier, Manibela chair Mar Valbuena announced that demonstrations could last until Friday, July 24. /apl Article continues after this advertisement Your subscription could not be saved. Please try again. Your subscription has been successful.