Oil price regulation pushed anew | Inquirer Business

Oil price regulation pushed anew

/ 01:36 PM June 10, 2013


MANILA, Philippines— The Alliance of Concerned Transport Operators [Acto] may have renewed its call to increase the minimum jeepney fare by P2 but fellow transport group, Pinagkaisang Samahan ng mga Tsuper at Operator Nationwide [Piston], insisted that the solution to their fare problems was the regulation of the price of petroleum products.

In an interview with Radyo Inquirer on Monday, Piston president George San Mateo said that the lingering fare issue between operators and passengers would be solved if the government decides to regulate the price of petroleum products in the country.


“The government is quick to lower the fare when the price of petroleum products changes. It however acts slowly when there is an increase in the price of petroleum products and we ask for a fare hike,” he said.


“We understand that is political suicide,” said the Piston leader.

Acto plans to revive a petition for fare increase which they filed last year.

“What Acto is asking for, we recognize that. But that may pose a negative effect on operators and passengers. We do not subscribe to deregulating fare just because the price of petroleum products is deregulated,” San Mateo said.


For more of the interview, listen to Radyo Inquirer 990

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Acto, oil, Philippines, Piston, transportation

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.