Manila drivers asked that the P8.50 minimum fare be brought back.
They move on to say that if the price of diesel increase by P0.35
pesos per liter, they will petition for a P10 pesos minimum fare.
The oil price hike since May 2, 2015 has been P0.50 for gasoline
and P1.10 for diesel.
The Drivers association will go to the LTFRB on May 13 and file their
petition for a provisional increase in the minimum fare by P1 peso.
LTFRB (Land Transportation Franchising and Regulatory Board)
is a government agency in charge of hearing petitions for fare hike
Efren De Luna, the national president of ACTO, when interviewed said
that the original minimum fare of P8.50 should be brought back.
This increase in fare shall be provisional he moved on to say.
Once the price of diesel reaches P35 pesos per liter, ACTO will file
a petition for a fare hike of P10 pesos as minimum fare.
Prices of diesel per liter is now more than P30 pesos per liter.
Students and parents are wary that fare hike increase my coincide
with the opening of school this month of June which will be an
added burden to the parents pocket.
Minimum fare at present is P7.50 for the first 4 kilometer.
The Drivers association threatens to lunch a country wide strike
at the start of the school year in June if there petition is denied.
Winston Gines, the LTFRB chairman, in a text message said they will
consider and study the petition of ACTO.
The price of crude oil in the international market at present is
$60 US dollar per barrel.
Crude oil experts predicts that this price will go as high as $70
US dollars per barrel comes the month of September.
Prices of oil went down by as much as P15 pesos per liter since last
year the Department of Energy said.