LTFRB expects clearer picture on possible fare rollback Tuesday
11/03/2008 | 09:34 AM
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
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
