POSITION:taya99-taya99 slots-taya99 online casino > taya99 slots > gold99 Jeepney fare hike petition under review, says LTFRB
Updated:2025-01-22 06:05 Views:96
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MANILA, Philippines — A traditional jeepney fare hike petition seeking a minimum charge of P15 from the current P13 is being reviewed by the Land Transportation Franchising and Regulatory Board (LTFRB).
According to the government regulator, there is a need to strike a balance between addressing the concerns of jeepney drivers and operators and protecting the welfare of commuters who will also be affected by the proposed fare increase.
Article continues after this advertisement“The LTFRB is reviewing the petition thoroughly and will consider all relevant factors, including fuel price trends, inflation rates, and the overall economic impact on the riding public,” the LTFRB said in a statement Tuesday.
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READ: Transport group pushes for minimum fare of P15
Article continues after this advertisementIt gave assurance that public hearings and consultations would be conducted to “ensure transparency and inclusivity” in its decision-making process.
“The LTFRB remains committed to delivering solutions that are fair and equitable for both our transport operators and commuters,” the LTFRB added.
Meralco said that power rates will drop by P0.3587 per kilowatt-hour for the October billing period, bringing this month’s overall rate to P11.4295 per kWh from P11.7882 per kWh in September.
“For 2025, we need P11.5 billion to be approved. Otherwise, each billion of the deficit would result in about 2.1 hours of no power. We won’t be able to buy any fuel,” Fernando Martin Roxas, Napocor president and chief executive officer, told reporters on the sidelines of the Enlit Asia 2024 energy conference on Wednesday.
Various transport groups have been calling for a fare hike, citing big fuel price increases, rising food costs, and high inflation rate of the country.
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