Cost of Living

Fuel price volatility strains transport operators, threatens fare increases

Energy Secretary Sharon Garin warns that fuel prices are unlikely to decline soon despite recent global crude oil price drops, citing the unpredictable nature of global market conditions and geopolitical tensions. Jeepney operators are filing a petition for a P5 provisional fare increase with the LTFRB to offset rising fuel costs and daily operational losses, highlighting the strain on transport operators and low-income households dependent on public transportation.