Brace Yourselves, Commuters: LTFRB Eyes Fare Hikes If Diesel Hits ₱60 Per Liter

Kung akala mo tapos na ang pasakit sa bulsa, think again. The Land Transportation Franchising and Regulatory Board (LTFRB) is now seriously considering provisional fare increases across nearly all types of public transport — but only if diesel prices hit the dreaded ₱60-per-liter mark.

LTFRB Chairperson Vigor Mendoza II confirmed that the agency is monitoring the situation closely as global oil prices continue to surge due to escalating tensions in the Middle East. Transport groups have already filed petitions seeking a ₱2 increase in minimum fares for buses and jeepneys, while transport network vehicle services (TNVS) want a ₱20 bump in their flag-down rates.

Provincial bus operators are asking for an additional ₱0.50 per kilometer, while point-to-point (P2P) bus operators want a whopping 30% to 40% fare hike. To put that in perspective, a ₱120 fare from Alabang to the airport could jump to at least ₱200. Ouch.

Meanwhile, the Department of Transportation (DOTr) said it is preparing fuel subsidies for PUV drivers and operators once global crude oil prices breach $80 per barrel. Transportation Secretary Jaime Bautista said the government has set aside ₱2.5 billion for this contingency fund, following President Marcos's directive to cushion the blow on affected drivers.

For now, UV Express units and regular taxis have not filed any petitions. But with the Middle East situation showing no signs of cooling down, commuters better start budgeting for potentially pricier rides in the coming weeks.

Source: GMA News