LTFRB awaits NEDA study before fare hike decision

Jeepney and bus fares will not be hiked yet as the Land Transportation Franchising and Regulatory Board (LTFRB) awaits an economic impact study from the National Economic and Development Authority (NEDA).

LTFRB Chairperson Atty. Teofilo Guadiz III clarified that no fare increase has been approved at this stage, emphasizing the need to balance the interests of public utility vehicle (PUV) operators and commuters.

The agency was previously considering a provisional P1 fare hike for traditional and modern jeepneys in the first week of July.

Guadiz stated that fare adjustments are a serious matter requiring careful study, especially given current economic conditions.

The LTFRB will base its decision on NEDA's analysis and will release official updates once the NEDA study is completed and a recommendation is submitted.

Transport groups have been pushing for a fare hike due to surging fuel prices, with the Department of Energy anticipating significant fuel price increases next week.