LTFRB reviews petition raising PUV fare to P15

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IN response to rising fuel prices and the growing cost of living, the Land Transportation Franchising and Regulatory Board (LTFRB) is reviewing a petition to raise the minimum fare for public utility jeepneys (PUVs) to P15.

“We understand the challenges faced by our drivers and operators due to rising fuel prices and the increasing cost of living,” LTFRB chairperson Teofilo Guadiz III said in a statement yesterday acknowledging the petition of transport groups for a rise in the minimum fare.

“While we remain committed to ensuring that their livelihood is sustainable, we must also carefully balance this with the welfare of commuters equally affected by the current economic conditions,” Guadiz added.

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As part of the review, Guadiz said the LTFRB will consider all relevant factors, including fuel price trends, inflation rates, and the overall economic impact on the riding public.

“We assure all stakeholders that the board will conduct public hearings and consultations to ensure transparency and inclusivity in the decision-making process. Rest assured the LTFRB remains committed to delivering solutions that are fair and equitable for both our transport operators and commuters.” The LTFRB said.

The current minimum fare of P13 in traditional jeepneys was implemented in October 2023.

Yesterday, fuel prices saw a significant increase: gasoline rose by P1.65, diesel by P2.70, and kerosene by P2.50.

The price adjustments are the biggest so far this year, with many stakeholders attributing the rise to the latest round of US sanctions against Russia.

This marks the third consecutive week of fuel price increases in 2023, bringing the total net rise per liter to P3.45 for gasoline, P5 for diesel, and P4.30 for kerosene.

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