THE P60 wage hike for workers in the National Capital Region (NCR) would soon be decimated as the Land Transportation Franchising and Regulatory Board (LTFRB) hinted at reviewing adjustments based on petitions seeking for a P10 increase in the minimum fare.
According to the LTFRB, the agency is seriously considering the issuance of a final resolution on the fare hike rather than an “interim adjustment given the price of petroleum products.”
The move comes following hefty increases in the price of petroleum products for the last two weeks — with another adjustment expected to be implemented on Tuesday, July 28.
“The LTFRB, upon instructions of DOTr Secretary Giovanni “Banoy” Z. Lopez, will recompute the appropriate fare adjustments based on the call of Manibela and the pending petition of PISTON for a P10 fare hike,” reads parts of the LTFRB statement.
However, the LTFRB clarified that there are factors still being considered, such as commuters’ capacity to adapt to the additional transportation costs, as well as the potential impact of the fare adjustments on the prices of basic goods and services.
“In the meantime, the fuel discount will continue, and the LTFRB is exploring the possibility of expanding its coverage to reach as many PUVs as possible, as well as increase the amount,” it added.
Transport group Manibela went on a strike for three consecutive days following the double-digit price increase on diesel and kerosene in the local market.
Manibela chairman Mar Valbuena warned of more transport strikes unless the government acts on their petition.
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