MANILA, Philippines - Several transport groups have filed a petition to raise the minimum jeepney fares to P10 from the current P8.
Pasang Masda, Federation of Jeepney Operators and Drivers Association of the Philippines (FEJODAP), Alliance of Transport Operators and Drivers Association of the Philippines (ALTODAP), LTOP and Alliance of Concerned Transport Organizations (ACTO) jointly filed the petition after oil firms increased the price of diesel by P1.90/liter today.
Several oil companies have also hiked gasoline prices by P0.65/liter today.
In their prayer to the Land Transportation Franchising and Regulatory Board (LTFRB), the groups want to raise the current minimum fare from P8.00 to P8.50.
After the hearings, the groups also asked LTFRB to raise the minimum fare by P2 for the first 4 km and 35 cents for every succeeding kilometer, making the succeeding km P1.75 from the current P1.35.
Meanwhile, the Department of Energy has again defended the recent oil price hike by explaining that it is within the expected movement.
This is the 26th increase for the year for gasoline amounting to P20.85, and the 25th increase for diesel totalling P21.60/liter.