Politics
Philippines Suspends Fare Hikes Amid Oil Price Surge
The Philippines' Department of Transportation has announced a temporary suspension of fare hike petitions for all public utility vehicles (PUVs) amidst soaring oil prices and persistent inflation. The government aims to shield the public from further financial strain by increasing fuel subsidies and waiving terminal fees.
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- Philippines Continues Suspension of Public Transport Fare Hikes
The Philippines' Department of Transportation announced the continued suspension of public transport fare hikes, initially postponed in March due to rising oil prices from Middle East tensions. This means fare increases for most public utility vehicles, excluding regular taxis and motorcycle taxis, will be deferred.