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Transport Groups Demand P2 Fare Hike Amid Rising Fuel Costs
Photo: gmanetwork.com
2026-07-20 09:28   Economy   10

Transport Groups Demand P2 Fare Hike Amid Rising Fuel Costs

Transport groups in the Philippines are demanding a P2 fare increase and considering a nationwide strike due to the surge in fuel prices caused by geopolitical tensions between the United States and Iran.MANIBELA chairperson Mar Valbuena stated that a P1 hike would not suffice, as the sector has yet to recover losses since March 2026.

He emphasized that the P1 fare increase requested during the pre-war era has lost value due to inflation, and a P2 hike is necessary to address current economic challenges.ACTO president Libay de Luna echoed this sentiment, stressing the need for a fare hike to support drivers and operators.

Both leaders warned that a strike may be unavoidable if fuel prices continue to rise, with Valbuena noting that oil companies and the Department of Energy are exploiting the situation.

The strike could affect around 100,000 drivers nationwide, and MANIBELA plans to meet with the Land Transportation Franchising and Regulatory Board to discuss the fare hike.

The article highlights the ongoing struggle of transport workers to balance operational costs with rising fuel expenses, underscoring the broader economic impact of global oil price fluctuations.

Full reading at gmanetwork.com

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