October fare hike the last for this year — LTFRB

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Metro Manila (CNN Philippines, September 30) — The Land Transportation Franchising and Regulatory Board (LTFRB) assured the commuting public that the recently approved fare hike, which takes effect on Oct. 3, will be the last for the year.

"When we tried to compute the fare hike, we saw that we don't have to raise the fares so often. I think this is the last that you're [going to] see for the year even if the fuel price will really move up," LTFRB board member Riza Paches told CNN Philippines' The Exchange.

"[W]e didn't just look at one-time increase but it's a periodic increase between 0-8 months, so I think if you really see a fare increase in the near future, it's going to be earlier than 1 year," she added.

READ: LTFRB: New fare hike for PUVs effective Oct. 3

A commuter group welcomed this and expressed hope that the next increase would be after a year, given that fuel prices are starting to go down.

"[H]opefully, it will continue to fall down, and the effects of falling oil prices will be also passed on to us commuters," Commuters of the Philippines chairman Julius Dalay said.

Meanwhile, the LTFRB cautioned public utility vehicle drivers and operators against raising fares without a new matrix. While they have only until Saturday to secure one, the agency said it will still accept applications beyond Oct. 3.

Paches warned those who are not following the fare matrix will be fined ₱5,000 for the first offense, ₱10,000 and a 30-day suspension of the franchise for the second offense, and ₱15,000 and cancellation of their certificate of public convenience for the third offense.