Tuesday, October 14, 2008

Transport groups have announced that they have decided to put their strike plans on hold. According to this article on Inquirer.net, they will be giving the oil companies a chance to bring down pump prices in the next week or two, before they decide whether to proceed or not.

Is this in response to the calls for a fare rollback? According to LTFRB chairman Thompson Lantion, a meeting with commuter and transport groups today has resulted in a decision to bring down fares by Christmas time. A delay in the fare rollback would definitely be a boon to public utility drivers and companies, as this does not preclude any pump price reductions.