THE Land Transportation Franchising and Regulatory Board (LTFRB) on Thursday assured both the transport groups and the commuting public that it would come up with fare adjustments that would be acceptable to them.
LTFRB Chairman Vigor Mendoza II, acting on the directive from Department of Transportation (DOTr) Secretary Giovanni Lopez, who ordered the former to recompute fare adjustments based on pending petitions, made sure that the positions of stakeholders would be considered in deciding the fare adjustment.
Mendoza said the agency has begun deliberations on the fare hike petitions filed by five major transport groups which have been raising concerns about higher operational costs due to the series of big increases in the prices of petroleum products.
The fare hike petitions cover passenger jeepneys, passenger buses, UV (utility vehicle) express, taxis and motorcycle taxis.
The petitioners were Pagkakaisa ng mga Samahan ng Mga Tsuper at Operator Nationwide (Piston), Metro Comet Transport Service Cooperative, UV Express National Alliance of the Philippines, United Transportation Coalition of the Philippines, and Manibela.
“The goal is to come up with the fare adjustments for each public utility vehicle sector that are acceptable to each of them, as well as the commuting public and other stakeholders,” said Mendoza.
