As fuel prices continue to surge, the Land Transportation Franchising and Regulatory Board is reviewing pending fare increase petitions that could take effect as early as next month.
With drivers dealing with higher operating expenses, commuters may once again face higher fares. The LTFRB said it is aiming to issue a recommendation by October after weighing fuel costs, the impact of the wage increase set to take effect this week and commuters’ ability to absorb another increase.
The review covers jeepneys, buses, UV Express, taxis and motorcycle taxis. Five transport groups have filed petitions as rising fuel prices drive up operating costs.
LTFRB Chair Vigor Mendoza II said the board will consider inflation and commuters’ capacity to pay. Government agencies and other stakeholders will also be consulted before the recommendation is submitted to the Department of Transportation.
Acting Chairperson Greg Pua Jr. said Transportation Secretary Giovanni “Banoy” Lopez expects the recommendation by October. The LTFRB may implement an approved adjustment once Lopez makes a decision.
Diesel prices have climbed above ₱100 per liter, while gasoline has surpassed ₱90. President Bongbong Marcos suspended the planned ₱1 and ₱2 fare increases for traditional and modern jeepneys on March 19, saying commuters should not bear the burden of higher fuel costs.
On Tuesday, Palace Press Officer Claire Castro said fare hikes remain the government’s last resort amid soaring fuel prices, citing the Department of Transportation.
MANIBELA is seeking a ₱2 fare increase, saying rising expenses have already forced some drivers off the road. Victory Liner and other bus groups said fuel now accounts for roughly 45% to 60% of operating costs and called for the suspension of the fare-hike suspension, arguing that higher fares are needed to keep operations viable.
“This is not a threat to stop operations. This is a notice that operations may soon become impossible,”
Victory Liner and several bus groups warned over rising costs.
