THE transport sector in Negros Occidental is amenable to the proposed 50-centavo fare rate reduction for public utility jeepneys -- from P7 to P6.50 for regular passengers.
Regional Director Romulo Bernardes, of the Land Transportation Franchising and Regulatory Board in Western Visayas (LTFRB-6), said he consulted the different transport groups in the province on Wednesday, January 21. They did not pose any objection.
However, no formal petition for the fare cut has been filed for Bacolod City or Negros Occidental as of Wednesday, January 20.
“The LTFRB received the petition in the National Capital Region that's why we are conducting public consultation,” Bernardes said.
The basis for the fare reduction is the continuous rollback in the prices of fuels.
Since 2015, oil companies have rolled back the price of petroleum products, including diesel, which is commonly used for public utility transport, down to around P20 per liter at present, Bernardes said.
He said there were other dynamics raised by the transport groups but in general, they are amenable to the fare reduction.
Bernardes said LTFRB has regulatory power over fare rates, and makes its decisions through consultations and public hearings.