LTFRB: Expect fare rollback before Christmas
abs-cbnNEWS.com | 11/22/2008 10:09 AM
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Consumers should expect another fare rollback before Christmas as world crude and local pump prices continue to go down, the chief of the Land Transportation Franchising and Regulatory Board said Saturday.
LTFRB Chairman Thompson Lantion said he expects jeepney operators and consumer groups to come to an agreement on December 3 when the LTFRB tackles a petition for a fare rollback.
"If there is no opposition, we can get another rollback. Unfortunately some bus operators are not so open to the idea," Lantion told radio dzMM.
He said jeepney operators have agreed to cut their minimum fare if diesel prices hit the P35 to P37 per liter price range.
The National Council for Commuters Protection has sought a reduction of jeepney and bus fares as well as the abolition of the P10 compulsory tip imposed on taxi riders across the country.
Transport group Pasang Masda earlier assured commuters the organization will file a petition to reduce the minimum fare once diesel prices go down to the P35.00/liter level. He said an an additional fare cut is expected if diesel prices reach P30.00 per liter.
The group will lead a protest action against major oil firms Shell, Petron and Caltex next week to pressure the Big 3 to implement a one-time hefty price cut.
