Monday, July 07, 2008 LTFRB tasked to monitor PUV fare hike
MALACAÑANG is leaving it to the Land Transportation and Franchising Regulatory Board (LTFRB) to study the proposed fare hike for public utility vehicles (PUVs), reminding them to exercise "prudence" and the need for "consultations" with concerned sectors.
"The Palace trusts that chairman (Ralph) Lantion will exercise prudence and in consultations with all sectors to undertake the necessary study and as warranted, the LTFRB will authorize the necessary adjustment," Deputy Spokesperson Lorelei Fajardo said.
Fajardo said the time calls for everyone to share the burden of increasing fuel prices, which affects everyone in the world.
"The President however, will leave no stones unturned to find ways to help alleviate and control the impact of increases to our public," she added.
She said aside from the interest-free loans to transport operators for the conversion of their diesel engines vehicles to liquefied petroleum gas (LPG) or compressed natural gas-enabled engines, "subsidies to the transport sector are being reviewed and enhanced to give our transport sector some relief and consequently our riding public." (JMR/Sunnex)
