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MRT-LRT rate hikes unjustified—senators By Angie M. Rosales 09/10/2011

Saturday, September 10, 2011

MRT-LRT rate hikes unjustified—senators

By Angie M. Rosales 09/10/2011

President Aquino’s legacy no doubt will be marked by high prices in goods and services in which he made no effort to stop them from rising too much.

He has announced that he will be removing the subsidy in the riding public’s fare of the Metro Rail and Light Rail Transit (MRT-LRT), which automatically translates to higher fares that the rail transits will be charging the commuters. Oil prices have been jumping weekly, and neither has Aquino made any move to talk to oil firms for them to slow down on the price hikes. Nor has he suspended the eVAT imposed on oil companies, for the prices of petrol to go down.

In the case of the the removal of the commuters’ subsidy in the rail transit, Aquino claimed that it is unfair for taxpayers who are non Metro Manilans to continue to pay taxes for the subsidy of Metro Manilan commuters.

But one of President Aquino’s allies in the Senate yesterday pointed out the lack of any justification in the government’s move to reduce subsidy in the commuters’ fare of the MRT-LRT, which will result in a rate increase soon..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110910hed1.html

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