MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) said Tuesday it is considering granting provisional fare increases for public utility vehicles if diesel prices climb to ₱60 per liter, as global oil costs continue to surge due to the escalating Middle East conflict.

LTFRB Chairperson Vigor Mendoza II explained that petitions for fare adjustments covering jeepneys and buses are already pending before the board. “We have definitely considered granting a provisional increase if fuel prices reach more than ₱60 per liter,” Mendoza said, noting that the move would be across-the-board if necessary.

Local oil companies have announced consecutive price hikes, with diesel rising by ₱1.20 per liter and kerosene by ₱1.50 per liter this week, marking the tenth straight week of increases. Mendoza added that the LTFRB is closely monitoring developments in the Middle East and may wait for tensions to ease before finalizing decisions on fare petitions.

The board emphasized that any provisional fare hike would be temporary and subject to review once fuel prices stabilize. Transport groups have long argued that rising fuel costs have eroded drivers’ earnings, while commuters remain wary of additional fare burdens amid inflationary pressures.

The LTFRB assured the public that it will balance the welfare of commuters and drivers, stressing that adjustments will only be implemented if fuel prices breach the ₱60 threshold and sustained increases continue.