Instead, the government regulatory body announced it would soon disburse P2.9 billion worth of fuel subsidy to public utility vehicle (PUV) drivers.
The Land Transportation Franchising and Regulatory Board has rejected the proposed P1 “surge fee” proposed by some transportation groups to address the rising fuel prices.
According to Guadiz, the petition is now void after a new petition was filed asking for a P2 increase in fares across different modes of public transportation amid the rising fuel costs. “Ngayon naman pinag-uusapan is around 1.5, so most likely nasa 90 na po tayo 80, higher level ng 80, 87, 88 posible pong umabot tayo niyan,” said DOE Oil Management Industry Bureau Director Rino Abad.
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