LTFRB Approves Fare Hikes for Buses, TNVS Effective Monday

The Land Transportation Franchising and Regulatory Board (LTFRB) has approved fare adjustments for buses and Transport Network Vehicle Services (TNVS), which will take effect on Monday, September 28. According to an advisory posted on Facebook by the LTFRB, the fare for ordinary Metro and City buses will be increased to P15 for the first kilometer, a P2 increase from the previous P13. The fare adjustment comes after petitions from various transport groups citing increased operational costs, including rising fuel prices and the cost of spare parts. This fare hike is expected to place an additional burden on the household budgets of many Filipinos, particularly low-income individuals who rely on public transportation for their daily commute. The Philippines has been experiencing a persistent rise in inflation, leading to increased prices for essential goods. The LTFRB stated that the fare adjustment is necessary to maintain and improve the services of public transport. However, some public utility vehicle (PUV) groups have raised questions regarding the justification for the increase and whether it will be matched by service improvements. Fare rates for public transportation in the Philippines are a critical issue directly impacting the lives of citizens, and their future developments will continue to be closely watched. Source: Inquirer NewsInfo