No ferry, bus fare hikes during Holy Week, Marcos says

President Marcos announced that ferry and bus fares will not increase during Holy Week after securing commitments from operators. The government is providing subsidies to the transport sector amid soaring fuel prices due to the Middle East conflict.

In an interview with Bloomberg on Tuesday, President Ferdinand Marcos Jr. stated that ferry and bus fares will not rise during Holy Week. “We’ve gotten commitments from (operators of) ferries that they will not raise their fares. We’re doing the same thing with buses. They will not raise their fares nor will they limit or cut down the trips they will be taking,” Marcos said. He added, “We’re doing everything we can so the riding public, the general public, the people who are working, the middle class – they are the ones we are most concerned about – so it does not become a drag to their livelihoods.” Amid rising fuel prices triggered by the Middle East conflict, the government is subsidizing the transport sector, including fuel subsidies and cash aid for public utility vehicle operators and drivers. “In the next two days, we’re going to be spending about P2.5 billion in fuel subsidies. We have planned four of those rounds of subsidies,” Marcos noted. Meanwhile, about 40 percent of provincial bus operators have cut trips due to fuel supply uncertainties, according to Alex Yague, executive director of the Provincial Bus Operators Association of the Philippines, in a radio dzBB interview. “Our tanks are not full. We are saving our fuel as much as possible,” Yague said. Bus operations have declined at the Parañaque Integrated Terminal Exchange, though a surge is anticipated for Holy Week. The Metropolitan Manila Development Authority will suspend the expanded number coding scheme from April 1 to 6 and allow provincial buses on parts of EDSA until April 9. Some 2,476 MMDA personnel will monitor transport hubs and pilgrimage areas, including the traditional route to Antipolo City for Visita Iglesia.

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Philippine lawmakers approving bill for President Marcos' fuel tax powers amid Middle East oil crisis.
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House approves bill granting Marcos special powers on fuel excise tax

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The House of Representatives has approved a bill on second reading granting President Marcos special powers to suspend or reduce excise taxes on fuel to cushion the impact of soaring oil prices due to the Middle East conflict. This measure is part of broader government efforts to protect Filipinos from potential increases in commodity prices. Meanwhile, the Department of Transportation is studying a possible fare hike for public transport.

Transportation Secretary Giovanni Lopez forecasts more than five million passengers per day during Holy Week amid ongoing preparations, including LTFRB's special bus permits.

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The Land Transportation Franchising and Regulatory Board (LTFRB) has issued special permits to 1,297 buses to handle the expected surge in passengers during Holy Week. LTFRB Chairman Vigor Mendoza II said the move ensures enough vehicles as Filipinos travel to provinces for religious observances. Government agencies are preparing for increased traffic and passenger volumes.

Following government subsidy announcements, transport group Piston has initiated a nationwide strike starting Thursday, demanding tax suspensions on fuel, price rollbacks, and a P5 fare hike, as drivers face massive income losses from soaring oil prices.

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President Ferdinand Marcos Jr. said grounding airplanes is a distinct possibility amid soaring oil prices caused by the Iran-Israel war. In an exclusive Bloomberg interview, he cited scarcity of crude oil supplies and longer refining times. Inflation in the Philippines is expected to rise due to the ongoing fuel crisis.

The House Committee on Ways and Means has approved a substitute bill empowering President Bongbong Marcos to suspend or reduce excise taxes on petroleum products amid surging fuel prices due to the escalating Middle East conflict.

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The Senate approved on third reading a bill granting President Marcos emergency powers to suspend or reduce fuel excise taxes. It passed with 17 affirmative votes and no negative votes or abstentions. Bicameral talks are expected today before the congressional break.

 

 

 

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