DAVAO CITY – Davao residents expressed concern and frustration as domestic oil prices surged on Tuesday, March 17, with increases reaching as high as P23.90 per liter on a staggered basis. Fuel companies implemented price hikes ranging from P12.90 to P16.60 per liter for gasoline, P20.40 to...
Ferry passengers may soon face higher fares and fewer trips as the maritime industry grapples with surging global oil prices, the Maritime Industry Authority (Marina) said. The Marina announced on Monday, March 16, that it has allowed domestic shipping operators to raise passenger fares by up to 20...
By JAYFERSON COMITAN For Jerry Capino, a jeepney driver, the surging prices of diesel and oil products means a lot of belt-tightening measures, including splitting his meal in half to cope with the crisis. “’Yung isang pirasong isda na tilapia, iyon na lang ang ulam ko. Kalahati sa umaga,...
CEBU CITY – A significant oil price increase took effect on Tuesday, March 10, and while the surge is expected to persist amid the escalating tension in the Middle East, no fare hike petition has been filed in Central Visayas. Abusamen Matuan, regional director of the Land Transportation...
CEBU CITY – Shipping companies operating key inter-island routes in the Visayas have started to feel the impact of soaring fuel prices from the conflict in the Middle East. To cope with surging fuel prices, Fastcat has implemented fare increase while Oceanjet opted for trip cancellations. FastCat...
Malacañang said a jeepney fare hike is “premature” despite a possible eighth straight week of oil price increases, noting that a provisional P1 adjustment remains in effect and is still sufficient to cover fuel costs. In a press briefing, Presidential Communications Office (PCO) Undersecretary...
President Marcos has instructed his economic team to thoroughly study the proposed P1 jeepney fare increase amid rising fuel prices, Malacañang said on Thursday, Aug. 14. Communications Undersecretary Claire Castro said this after transport groups filed petitions before the Land Transportation...
Transportation groups in Cebu welcomed the planned provisional P1 fare hike as they expressed alarm over the supposed big-time oil price hike next week. Ellen Maghanoy, chairperson of the 13-member Federation of Cebu Transport Cooperatives (FCTC), said the fare hike is badly needed for jeepney...
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...
The country’s leading business executives are in support of the fare increase in Light Rail Transit Line 1 (LRT-1), which took effect on Wednesday, April 2, given that it’s within the operator’s contract with the government. The Management Association of the Philippines (MAP),...
The Department of Transportation (DOTr) has defended the fare increase for Light Rail Transit Line 1 (LRT-1), scheduled on Wednesday, April 2, despite calls to overturn it due to its impact on commuters. In a statement on Tuesday, April 1, the DOTr emphasized that the fare adjustment is...
The Land Transportation and Franchising Regulatory Board (LTFRB) should take into the consideration the welfare of the commuting public when deciding on the petition of transportation groups for a temporary jeepney fare increase. “While we recognize that jeepney drivers and operators...
