DOTr: Fare hike a 'last resort' as fuel prices surge
As fuel costs bite, DOTr says commuters should be spared for now.
The Philippine government is seeking alternative measures to shield drivers and transport operators from the impact of rising fuel prices before resorting to fare increases, according to the Department of Transportation (DOTr). Secretary Giovanni Lopez stated that the government is actively exploring other forms of assistance to help those affected without placing the burden on commuters.
The recent surge in fuel prices has prompted transport groups and provincial bus operators to call for fare hikes, as fuel now constitutes a significant portion of their operating costs. The DOTr is focused on implementing fuel subsidies and other cost-reducing measures, such as toll exemptions for provincial buses and terminal fee waivers.
The Development Budget Coordination Committee is expected to finalize recommendations on reducing excise taxes on fuel products within the week.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
