The Daily Tribune
No fare hike yet, says LTFRB
The Land Transportation Franchising and Regulatory Board (LTFRB) clarified that no fare increase has been approved for public utility vehicles (PUVs).
LTFRB Chair Teofilo Guadiz III stated that any decision on fare adjustments is on hold pending an ongoing study by the National Economic and Development Authority (NEDA).
Guadiz emphasized that fare increases are a significant decision that necessitates thorough consideration of the current economic situation and will be guided by NEDA's findings.
The LTFRB is awaiting the analysis and recommendations from NEDA before making any decisions.
This clarification follows proposals from transport groups seeking a fare hike due to operational challenges.
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