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.

At least 27 bus operators received P10,000 in fuel aid per unit yesterday at the Parañaque Integrated Terminal Exchange, led by President Marcos to counter soaring oil prices. This forms part of the Department of Transportation's P2.5 billion program for public utility vehicles.

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President Ferdinand Marcos Jr. announced that starting March 9, some executive offices will implement a four-day workweek due to rising oil prices from the Middle East crisis. Measures include reducing energy and petroleum use, while coordination continues for aid to Filipinos. Business groups are open to similar arrangements but express concerns for certain sectors.

On Thursday, March 12, President Ferdinand Marcos Jr. certified as urgent a bill granting him emergency powers to suspend or reduce excise taxes on petroleum products. The move aims to address soaring fuel prices amid Middle East tensions. Sen. Win Gatchalian warned of tradeoffs, including a potential P136 billion revenue loss for the government.

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No announcements from the government or schools exist regarding class suspensions from March 9 to 13 due to a potential oil price hike from Middle East tensions. This claim spread on social media but has been debunked as false news. Meanwhile, the Senate filed a bill for a national petroleum reserve to counter fuel supply crisis effects.

Fuel shortages have paralyzed public transport in Havana, forcing residents to rely on expensive private options. New government restrictions, announced recently, limit gasoline sales to dollars and drastically cut interprovincial services. This has raised prices for basic goods and disrupted daily life for the population.

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Fuel prices in the Philippines are set to surge next week due to escalating tensions in the Middle East, according to the Department of Energy. Minimum increases are estimated at P19 per liter for diesel, P9 for gasoline, and P31 for kerosene, though diesel could reach P90 per liter without staggered hikes. The DOE has warned against hoarding and price manipulation.

 

 

 

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