Php18,855 already lost–Jeepney drivers among biggest losers from TRAIN’s oil taxes-IBON
Php18,855 already lost–Jeepney drivers among biggest losers from TRAIN’s oil taxes-IBON
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Research group IBON said that jeepney drivers and their families have suffered huge income losses from rising pump prices on top of facing rising prices of basic goods and services. The initial and impending fare hikes give immediate relief but only temporarily. Fare hikes only worsen the burden on commuters and the government needs to take a broader view of the situation including taking both short and longer-term measures.
Jeepney drivers have lost a total of Php18,855 from start of the year until September because of the oil excise tax under the first package of TRAIN and rising global oil prices. TRAIN is to blame for around Php13,104 of this amount, said IBON. The estimated cumulative Php18,855 loss in the first nine months means an average loss in income of Php2,095 monthly, IBON explained.
Jeepney drivers and operators petitioned for a Php2 fare increase to help the sector cope with the rising prices of goods and services and the impact of TRAIN.
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