The Land Transportation Franchising and Regulatory Board (LTFRB) is reviewing petitions seeking higher jeepney fares following the latest round of fuel price increases. The regulator has stated that it is recomputing appropriate fare adjustments based on separate petitions filed by transport groups.
The review comes after fuel retailers raised gasoline prices by as much as P3.65 per liter, diesel by P10.68 and kerosene by P11.77 beginning July 21. The increase in fuel prices has sparked concerns among jeepney operators who are seeking a fare hike to offset their rising costs.
Transport groups PISTON and Manibela have each filed separate petitions seeking a fare increase. PISTON is seeking a P10 fare increase, while Manibela has asked for a P2 hike. The base fare for traditional jeepneys is currently P13.
Transportation officials have emphasized the need to consider inflation and other economic factors in resolving the petitions. A final resolution is expected to be issued by the LTFRB in the soonest possible time.
President Ferdinand R. Marcos, Jr. earlier suspended the implementation of a previously approved P1 jeepney fare increase. The decision to review the petitions is seen as a response to the rising fuel prices and their impact on jeepney operators.
