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Manila Bulletin devider Philippines devider National devider LTFRB chief backpedals, says proposed fare hike not yet approved

LTFRB chief backpedals, says proposed fare hike not yet approved

Published Jun 20, 2025 12:32 pm  |  Updated Jun 20, 2025 01:05 pm
Traditional jeepneys ply along Taft Avenue in Manila on June 18, 2025. Land Transportation Franchising and Regulatory Board (LTFRB) Chairperson Teofilo Guadiz III says the proposed fare increase for public utility vehicles (PUVs) has not yet been approved by the Board pending the outcome of a study by the Department of Economy, Planning, and Development (DEPDev) on the impact of the ongoing tension in the Middle East on the price of fuel. (John Louie Abrina / MANILA BULLETIN)
Traditional jeepneys ply along Taft Avenue in Manila on June 18, 2025. Land Transportation Franchising and Regulatory Board (LTFRB) Chairperson Teofilo Guadiz III says the proposed fare increase for public utility vehicles (PUVs) has not yet been approved by the Board pending the outcome of a study by the Department of Economy, Planning, and Development (DEPDev) on the impact of the ongoing tension in the Middle East on the price of fuel. (John Louie Abrina / MANILA BULLETIN)
Land Transportation Franchising and Regulatory Board (LTFRB) Chairperson Teofilo Guadiz III clarified on Friday, July 20, that the proposed fare increase for public utility vehicles (PUVs) has not yet been approved.
Guadiz said that any adjustment to current fare rates “remains on hold” as the Board awaits a study by the Department of Economy, Planning, and Development (DEPDev), formerly National Economic and Development Authority (NEDA), on the impact of the ongoing tension in the Middle East on the price of fuel.
“We want to be clear: no fare increase has been approved at this stage,” Guadiz said.
“The Board is still awaiting the results of NEDA’s economic impact study, which will serve as the basis for any future decision on fare adjustments,” he added.
The LTFRB chief pointed out that the Board’s decision on any proposed fare hike will be guided by the findings and recommendations of the DEPDev in line with regulatory protocols.
The clarification came after Guadiz said in an earlier media interview that a P1 fare hike is possible in July to offset the impact of rising fuel costs on PUV drivers and operators.
According to the Department of Energy (DOE), the trade of missile strikes between Israel and Iran may paralyze energy sources, which could result in limited fuel and higher prices.
Guadiz reiterated that the LTFRB is “committed to a data-driven, balanced approach that considers both the economic realities of operators and the financial welfare of commuters.”
“Fare adjustments are a serious matter that requires careful study, especially considering the current economic conditions,” he said. “We are not rushing into a decision. We are waiting for NEDA’s analysis, and the Board will act based on facts and expert recommendation.”
According to the LTFRB, several proposals for a fare increase have been filed by transport groups due to the continued rise in fuel prices, which are largely driven by global supply disruptions stemming from the Israel-Iran conflict and the ongoing war between Ukraine and Russia.

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LTFRB Teofilo Guadiz III fare hike Israel Iran Middle East conflict fuel
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