ILOILO CITY — The Land Transportation Franchising and Regulatory Board (LTFRB) Region 6 conducted a public hearing on Monday for the proposed fare increase for public utility jeepneys in the city and the province.
With the spike in the prices of petroleum products, transport groups said a fare adjustment is due.
The Department of Trade and Industry (DTI) agreed to a fare hike because the prices of some basic commodities have increased.
Meanwhile, records by the National Economic Development Authority (NEDA) showed the inflation rate in Western Visayas is lower, thus, a fare increase isn't necessary yet. NEDA added that the average increase in the prices of petroleum products since January 2016 to March 2017 was only P0.70 per month.
The proposed fare hike is at P0.50 for regular fares. However, after discussions with various transport groups, officials decided to make it P1.
While they understand the plight of commuters, drivers and operators said they will push for a fare increase if the government won't help them.
They added they will not propose a high amount, which they feel will not be granted by government.
Transport groups are set to submit a position paper, although a fixed date has not been set.
The LTFRB central office will decide whether to grant the petition for fare increase.