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Sunday, April 30, 2006
PB wants public shield v. impending fare hike
The Cebu Provincial Board (PB) is requesting the government to consider the proposal of the industrialist and consumer advocate Raul Concepcion to use the Philippine National Oil Corp. (PNOC) dividends to subsidize the diesel discounts for transport groups.
PB Member Juan Bolo, who sponsored the resolution, said Concepcion’s proposal is a way to shield the commuting public from any impending fare increase.
Discounts
Concepcion, chairman of the Consumer and Oil Price Watch, proposed to the Arroyo administration for the use of dividends from its PNOC shares to subsidize the discounts.
“This proposal is practical considering that the public as of now is already burdened by so much, not to mention the E-VAT that is being imposed on goods and services. Another round of fare increase will further cripple the peso’s buying power,” Bolo said.
His resolution was passed during last Monday’s regular session.
Because of the series of oil price increase, transport groups in Cebu Province have considered imposing the higher fare rates.
But after a meeting with Gov. Gwendolyn Garcia last Friday, it has been agreed that there will be no change in fare rates for passenger buses until the price of diesel fuel reaches P36 per liter. (MBG)
For Bisaya stories from Cebu. Click here. (April 30, 2006 issue)
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