A TRANSPORT sector leader warned of a looming fare increase following the implementation of the Transparency Reform Acceleration and Inclusion (Train) Law.
Julie Flores, president of the Cebu Mini-Bus Association, said that the Train Law has caused prices of all vehicle spare parts, batteries, tires, fuel, and even insurance to increase.
“All the prices of consumables in the operation of public transport vehicles increased because of this new tax measures,” Flores said.
He said this is the reason transport operators in Manila filed a petition for fare increase before the Land Transportation Franchising and Regulatory Board (LTFRB).
“If that petition will be approved, we will implement that fare increase,” said Flores.
“If LTFRB will issue a decision in favor of the petition in Manila, this is applicable to the entire country, hence, Cebu operators will implement it because of the rising prices in all commodities because of the Train Law,” he added.
He said some transport leaders want to buy China-made tires and batteries, and even surplus from Korea and Japan, but the Bureau of Customs is charging higher taxes based on the new law.
“The international vessels ferrying their imported products and the arrastre handlers are also charging higher fees. Wa ta’y mahimo ani,” Flores said. (EOB)