Fare hike eyed by LTFRB amid oil price surge over Mideast conflict

MANILA, Philippines — Provisional fare increases are being considered amid escalating tensions in the Middle East. This is according to the Land Transportation Franchising and Regulatory Board (LTFRB) on Tuesday. This was a day after advisories from Seaoil, Jetti Petroleum, Caltex, and Petron announced that diesel and kerosene prices would go up by P1.20 and P1.50 a liter, marking the 10th straight week of rising prices for diesel. Provisional increases if … “We have definitely considered the granting of provisional increases… if the price of fuel increases, pump price, more than P60 per liter,” LTFRB Chairperson Vigor Mendoza II told […]... Keep on reading: Fare hike eyed by LTFRB amid oil price surge over Mideast conflict