THE Land Transportation Franchising and Regulatory Board (LTFRB) said Thursday that it would evaluate the petition from transport groups to increase the minimum fare by P10.
LTFRB Chairman Vigor Mendoza II said that the main factor to consider is the capacity of the riding public to bear additional transportation costs and the overall inflationary effects of a fare increase on the price of basic goods and services.
“What can be assured, however, is that instead of an interim adjustment given the price of petroleum products, the LTFRB will come out with a final resolution in the soonest possible time,” Mendoza told The Manila Times.
Mendoza added that fuel discounts will continue, noting the LTFRB is exploring the possibility of expanding its coverage and amount.
Transportation Secretary Giovanni Lopez has ordered consultations with stakeholders on the issue of fare adjustment, including the group Manibela. He emphasized the importance of thoroughly reviewing the matter, given its potential impact on inflation, which remains a top concern among Filipinos.
Lopez said the possible expansion of fuel discount programs follows President Ferdinand Marcos Jr.’s directive to uphold the welfare of both public utility vehicle drivers and commuters.
