Imposing a fare increase in public utility vehicles after recent fuel price hikes is unlikely, the chief of the Land Transportation Franchising and Regulatory Board (LTFRB) said Wednesday.
LTFRB chairperson Martin Delgra said the Department of Transportation (DOTr) is avoiding putting a burden on commuters.
“What we are doing here is to respond to the concern of our operators but without having a much more negative impact on commuters,” he said on GMA News’ Unang Balita.
Delgra confirmed the LTFRB received a petition to increase fares but said the DOTr is more inclined to assist in meeting the financial needs of the public transport sector through service contract programs and “Pantawid Pasada” cash aid than a fare hike.
Oil firms had another big-time price hike this Tuesday to mark the sixth straight week of increases. Prices per liter of gasoline went up by P1.05, diesel by P1.20, and kerosene by P1.25.
Latest data available from the Department of Energy showed that year-to-date adjustments stand at a total net increase of P4.95 per liter for gasoline, P7.20 per liter for diesel, and P6.75 per liter for kerosene.
