The Land Transportation Franchising and Regulatory Board (LTFRB) has announced its readiness to accept new petitions for fare increases, responding to ongoing concerns from transport groups about rising fuel costs. In a recent statement, LTFRB Chairman Vigor Mendoza emphasized that the agency is open to reviewing additional requests, particularly if transport operators feel the previously approved adjustments are inadequate.
Transport Groups Voice Dissatisfaction
This move comes after significant criticism from major transport organizations, including Samahang Manibela, Mananakay at Nagkaisang Terminal ng Transportasyon (Manibela) and Pagkakaisa ng mga Samahan ng Tsuper at Operator Nationwide (Piston). These groups have publicly denounced the recent peso-based fare hikes, arguing they are insufficient to offset the escalating prices of petroleum products. Their complaints highlight the financial strain on drivers and operators amid volatile economic conditions.
LTFRB's Stance on Fare Adjustments
Chairman Mendoza clarified that the LTFRB is committed to a fair and transparent process. He stated, "Our agency is prepared to re-evaluate petitions for fare increases. If transport groups believe the approved hikes are too low, they are encouraged to file new petitions for consideration." This approach aims to balance the needs of commuters with the operational viability of transport services, ensuring that any adjustments are justified and data-driven.
The ongoing dialogue between the LTFRB and transport stakeholders underscores the broader challenges in the public transportation sector. As fuel prices continue to fluctuate, the need for responsive regulatory measures becomes increasingly critical to maintain service quality and affordability for all parties involved.
