SAN FERNANDO CITY, La Union, Jan, 20 (PNA)– A fare roll back is expected in Region 1 late this week or early next week in view of the big cut in the prices of oil during the past weeks, the Land Transportation Franchising and Regulatory Board (LTFRB) regional office said .
LTFRB Regional Director Glenn Zaragoza said his office is set to recommend the rollback to the LTFRB central office, the one that will announce the rolled back fare soon.
But Zaragoza declined to say how much fare rollback would be recommended for all land transportation in Region 1.
Zaragoza said a regional consultation and public hearing was already made last Jan. 16 attended by different transport organizations, officials of the Department of Trade and Industry (DTI), Department of Justice (DOJ) and representatives of the Integrated Bar of the Philippines (IBP).
There is no organized group of the riding public in Region 1 that may file petition for fare roll back but in its absence, Zaragoza said he personally went to different gasoline stations and asked for the new rolled back prices for gasoline and diesel fuel and compared it with the old prices.
He noted that transport organizations are opposed to the fare rollback because the costs of spare parts, tires and or repair of their jeepneys as well as basic commodities in the market still remain high.
The opinion of all those who attended in the public hearing will be considered by his office in recommending for fare roll back to their main office.
Zaragoza noted that in Manila, the fare rollback is one peso per passenger, an amount agreed upon by all national transport organizations with members also in the provinces. (PNA)