Lizada asks for ‘special’ LTFRB meeting on fare hike amid fuel price cutbacks

LTFRB board member Atty. Aileen Lizada INQUIRER FILE PHOTO

A Land Transportation Franchising and Regulatory Board (LTFRB) official has requested for an urgent meeting to discuss the P2 jeepney fare hike in the wake of rollbacks in the prices of fuel.

LTFRB board member Aileen Lizada, the sole dissenter on the jeepney fare increase, on Monday issued a memorandum calling for a “special board meeting” as soon as possible “to discuss measures on how to deal with” a situation of a permanent fare hike amid decreasing prices of petroleum products.

The LTFRB approved the P2 increase in the minimum fare of public utility jeepneys due to weekly increases in fuel prices prior November.

READ: LTFRB approves P2 jeepney minimum fare increase

Government monitoring showed that the price of diesel in Metro Manila has reached an average of P45.65 to P50.39 while a liter of gasoline was sold at an average of P53.05 to P63.27 in October.

READ: Higher fuel prices add to burden of consumers

The P10 minimum jeepney fare was implemented on November 2. /kga