Vallacar Transit Announces New Fare Hike Amid Global Fuel Price Volatility
BACOLOD. Vallacar Transit Inc. has officially declared that it will implement an additional fare increase for passengers per kilometer on every route it operates. This significant adjustment was confirmed by the company's management in a statement released on March 16, 2026.
LTFRB Mandate and Fuel Cost Pressures
The management emphasized that this fare hike is mandated by the Land Transportation Franchising and Regulatory Board (LTFRB) in response to the unstable movement of fuel costs in the world market. This volatility is primarily driven by the ongoing conflict in the Middle East, which has led to continuous oil price hikes. As fuel remains one of the primary expenses in bus operations, the company stated that these adjustments are necessary to sustain daily operations and ensure financial viability.
The grant of this provisional increase is authorized under Section 16 of CA 146, also known as the Public Service Act, as amended, and Section 5 of Executive Order 202. These legal frameworks provide the basis for fare adjustments in response to economic fluctuations and operational challenges.
Commitment to Service and Safety
Despite these financial challenges, Vallacar Transit Inc. remains steadfast in its commitment to providing safe, reliable, and efficient transportation services to the riding public. The management assured that the fare adjustment will help ensure that buses continue to operate regularly while maintaining proper maintenance, safety standards, and quality service for all passengers.
To facilitate a smooth transition, the updated fare matrix reflecting the new rates will be prominently posted at terminals and inside buses for the guidance of all passengers. This transparency aims to keep commuters informed and minimize confusion during the implementation phase.
Appeal for Public Understanding
In their statement, the management sincerely asked for the understanding and continued support of the public as they work to maintain dependable transportation services amid rising operational costs. They expressed gratitude for continued patronage and extended wishes for safe and comfortable journeys to all passengers.
This fare increase highlights the broader impact of global economic factors on local transportation, underscoring the need for adaptive measures in the face of fluctuating fuel prices and regulatory requirements.
