Camarines Sur 2nd District Rep. LRay Villafuerte has appealed for the suspension of the LRT Lines 1 and 2’s impending fare hike, as a lot of people are still reeling from the effects of high prices of commodities. | GabrielLaluINQ
“I am making an 11th-hour appeal for the deferment of the planned fare adjustments by the three train lines in Metro Manila as ordinary commuters continue to reel from the persistent elevated inflation brought about primarily by high oil and food prices,” Villafuerte said in a statement.
According to Villafuerte, the Metro Rail Transit Line 3 must also defer any increases on their fare, especially as President Ferdinand Marcos Jr. a few months ago asked for the suspension of the fare hike until a thorough study on the new rates’ impact on the economy. “This is the last thing we expect our DOTr and LRTA officials to even think about, let alone carry out, at this time when no immediate relief for ordinary Filipinos seems in sight from the ever-increasing cost of living that continues to erode their purchasing power,” he added.Villafuerte is not the first to note that President Marcos himself ordered the deferral of the fare hike.
“Multilateral institutions like the World Bank and Asian Development Bank plus private analysts have downgraded their growth forecasts for the Philippines for this year, on the belief that although inflation has been on a decline lately, it will remain high enough to dampen household consumption, which is our country’s main growth driver,” he added.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DOTr: Fare hikes in LRT 1, LRT 2 scheduled August 2The upward adjustments in the fares of the Light Rail Transit (LRT) are set to be implemented in the coming months as the timing is already ripe given the country’s macroeconomic conditions, the Department of Transportation (DOTr) announced Monday.
Read more »
Higher LRT-1, LRT-2 fares set on Aug. 2, MRT-3 eyes price hikeThe LRTA will start implementing fare hikes for LRT-1 and LRT-2 on August 2, while the operators of the MRT-3 are set to apply for a similar adjustment in the next two weeks.
Read more »
LRT-1, 2 to raise fare starting August 2 — DOTrMANILA, Philippines — The Department of Transportation (DOTr) on Monday announced Line 1 and Line 2 of Light Rail Transit (LRT) will implement a fare
Read more »
Attention, commuters: Here are the LRT-1, LRT-2 fare hikes that will be implemented in AugustHeads up, commuters: LRT-1 and LRT-2 operators will begin implementing fare hikes starting Aug. 2. | via philstarlife
Read more »
MRT-3, LRT-2 to offer free rides for Filipino seafarers on June 25MANILA, Philippines — Filipino seafarers may enjoy free rides on the Metro Rail Transit Line 3 (MRT-3) and Light Rail Transit Line 2 (LRT-2) on Sunday, June 25 as the country celebrates the Day of
Read more »