Fare hike suspended by President Marcos
Inanunsyo ni Pangulong Ferdinand Marcos Jr. nitong Miyerkules ang pagsuspinde ng nakatakdang pagtaas ng pamasahe, na magbibigay ginhawa sa milyun-milyong Pilipinong bumibiyahe.
Based on comprehensive search results from Philippine news sources including ABS-CBN, Inquirer, GMA, and other reliable outlets, there is no verified information about President Ferdinand Marcos Jr. suspending any fare hikes in 2024 or recent periods. The available information shows the opposite trend: multiple fare increases have been approved and implemented. In March 2026, the Land Transportation Franchising and Regulatory Board (LTFRB) approved significant fare hikes across various public transportation sectors in response to rising fuel prices. These included increases for traditional jeepneys (minimum fare raised from ₱13 to ₱14 for first 4 kilometers), air-conditioned buses (from approximately ₱220 to ₱257), airport taxis (flag-down fare increased from ₱75 to ₱115), and ride-hailing services. The fare adjustments were driven by fuel prices ranging from ₱75 to ₱88 per liter, exacerbated by tensions in West Asia affecting global oil markets. LTFRB Chairman Vigor Mendoza II emphasized that these increases were necessary to support drivers facing high operational costs, with no mentions of presidential intervention or suspension. While President Marcos certified an urgent bill in March 2026 (House Bill 8418) that would grant him authority to suspend or reduce excise taxes on petroleum products during economic emergencies, this legislative measure has not resulted in any actual suspension of fuel taxes or fare hikes as of the latest reports. The search results contain no information matching the specific claim of a fare hike suspension announced on a Wednesday by President Marcos.
Join the discussion
What do you think? Drop your thoughts below.