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Roll back of Fares
« on: November 03, 2008, 04:29:34 PM »

Chief of Of Offices
To Department of Transfortation and communication, LTO, LTFRB:

Sir /Madame:

We are calling your attention to immediately  roll back fares because of the wide roll back on the prices of gasoline, diesel and other petroleum products.

VEry truly yours,

Concerned Citizen

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Re: Roll back of Fares
« Reply #1 on: November 03, 2008, 11:28:53 PM »
LTFRB: Dec fare rollback possible

By Katherine Evangelista 0/15/2008

MANILA, Philippines -- There is a “good chance” of a jeepney and bus fare rollback by December due to the continuing decline of oil prices, an official of the Land Transportation Franchising and Regulatory Board (LTFRB) said Wednesday.

Lawyer Emmanuel A. Mahipos, LTFRB executive director and concurrent regional director for the National Capital Region, said while transport and consumer groups have agreed to a fare rollback, they have yet to determine how much the cut should be.

“Based on the discussions with the petitioner and the transport groups, they agree on reducing the fare, but they just don’t agree on how much,” Mahipos said.

The National Council for Commuters Protection (NCCP) filed a petition for a P1.50 fare rollback for the first four kilometers for jeepneys and P2 for the first five kilometers for buses, Mahipos said.

If granted, the fare rollback will bring back the basic jeepney fare from P8.50 to P7 for the first four kilometers, while the first five kilometers for ordinary buses will drop from P10 to P8, and air-conditioned buses from P12 to P10, Mahipos said.

Last June, the LTFRB approved a P2 fare increase for ordinary and air-conditioned buses and a P1 hike for jeepneys based on the benchmark price of diesel of P52 per liter that time, Mahipos said.

The fare adjustment requested by the NCCP is based on the assumption that diesel prices will drop to P44 per liter, Mahipos said.

He added that transport groups disagree on the benchmark to base a fare rollback on, with some insisting that oil companies reduce diesel prices to P38 per liter before any adjustments.

Nevertheless, at the current diesel price of P47 per liter, transport groups are willing to rollback fares by P.50, he said.

But he also said the fare adjustment sought by the NCCP might not be granted.

“The board has to evaluate these as to the merits. Ayaw natin na [We don’t want that] we drastically impose a reduction. There are other factors to consider in the cost of operation,” Mahipos said.

Mahipos said the fare rollback will be based on the current trend of fuel prices and the operation costs of transport operators.

The LTFRB is set to hear the group’s petition on November 4. Oil companies will be asked to present data on the trending of fuel prices at the hearing, Mahipos said.

There has been no petition yet to roll back taxi fares, since the majority of taxicabs run on liquefied petroleum gas, which has a different price trending than regular fuel, Mahipos said.

By next year, the LTFRB will require taxi operators to install meter receipts in compliance with a Supreme Court ruling.
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Re: Roll back of Fares
« Reply #2 on: November 03, 2008, 11:30:25 PM »
LTFRB expects clearer picture on possible fare rollback Tuesday

MANILA, Philippines - The Land Transportation Franchising and Regulatory Board (LTFRB) expects to get a clearer picture of the petition of commuters for a fare rollback when it meets Tuesday with representatives of transport groups and oil firms.

In a radio interview, LTFRB chair Thompson Lantion on Monday said he expects representatives of local oil companies to provide authorities with oil price figures to determine the amount of the rollback.

"Sa pagdinig bukas inimbita natin ang oil companies doon, ibigay ang datos at paliwanag sa pangkalahatan kung paano ano ang takbo ng merkadong yan (At Tuesday's hearing we invited representatives of oil firms. We expect them to furnish us data on the dynamics of the market)," Lantion said in an interview on dwIZ radio.

He also said some transport groups had already started offering a provisional 50-centavo rollback as early as the All Saints' weekend.

On the other hand, Lantion said taxi operators are likely to take back a P10 provisional "tip" in the wake of the rollback in prices of liquefied petroleum gas (LPG).

"Bumaba ang presyo ng LPG, almost LPG gamit ng Metro taxis. Hinihintay natin na magpe-petition manggagaling din sa consumer at commuter (LPG prices went down, and almost all taxis in Metro Manila use it. So we are waiting for petitions from consumer or commuter groups)," Lantion said.

Meanwhile, despite the "substantial" price rollback by oil firms last weekend, transport groups are not dropping their option to mount protests to prompt more price rollbacks.

Radio dzBB's Bernie Morales reported Sunday evening that the Pinagkaisang Samahan ng Tsuper at Opereytor Nationwide (Piston) said it will meet with other transport groups on the matter.

Piston secretary general George San Mateo said the latest rollback last weekend still does not reflect the present world prices of oil at $60/barrel.

He also scored Malacañang for its "hypocrisy," saying the Palace is claiming to be for more rollbacks, yet would not take action to prompt oil firms to roll back prices.

San Mateo said his group will coordinate its actions with other groups like Pasang Masda and the Federation of Jeepney Operators and Drivers Association of the Philippines (Fejodap). - GMANews.TV

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