Politics · Philippines Bureau
Bukidnon bus fares rise as LTFRB approves nationwide adjustment
Commuters in Valencia City faced unexpected ticket price increases on Monday as Rural Transit Mindanao Inc. implemented higher fares on major regional routes. The adjustment follows regulatory approval responding to elevated fuel costs across the country.
LSN Philippines ·
VALENCIA CITY — Passengers traveling through Bukidnon encountered steeper bus fares on Monday after Rural Transit Mindanao Inc. (RTMI) rolled out price increases on several major routes serving the Mindanao region.
The fare adjustment came after the Land Transportation Franchising and Regulatory Board (LTFRB) greenlit a nationwide fare hike to address mounting fuel expenses that have strained public transport operators. The board's decision reflected pressure from rising petroleum prices affecting the transportation sector's operational costs.
Commuters at the Valencia City bus terminal were largely unprepared for the changes, with many discovering the new rates only upon purchasing tickets. The price adjustments applied to RTMI's key inter-provincial routes across Mindanao.
The LTFRB's approval signaled the regulatory body's acknowledgment of the economic pressures facing public transport providers nationwide. Operators had sought fare increases to maintain service viability amid volatile fuel markets. The adjustment marks a significant development for regional transport costs in Mindanao as commuters adjust their travel budgets.