LTFRB to Tap Agencies in Next Fare Hike Hearing

MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) will invite several key government agencies to its next hearing on pending fare hike petitions, stating that it wants to weigh the impact of any increase on commuters, transport workers, and the broader economy before making a decision. In a statement on Monday, the LTFRB indicated that agencies such as the Department of Transportation (DOTr), the National Economic and Development Authority (NEDA), and the Department of Trade and Industry (DTI) would be among those invited. These agencies are expected to provide expert opinions and data relevant to their respective domains regarding the potential impact of a fare increase. The LTFRB's move comes as several transport groups have filed petitions for fare hikes, citing rising fuel prices and other operational cost increases. However, with inflation rates continuing to climb in the Philippines, a fare increase could place further strain on household budgets, raising concerns about its impact on the general populace. "We want to make an informed and equitable decision that considers the concerns of all stakeholders, rather than rushing to a conclusion," an LTFRB spokesperson said. This approach suggests that the discussion will extend beyond just the necessity of a fare hike, but also its magnitude and timing. Fare rates for public transportation are a critical issue directly affecting the daily lives of Filipinos, and the LTFRB's decision will have significant ramifications for many. Information Source: Inquirer NewsInfo