The Tax Reform for Acceleration and Inclusion (TRAIN) law has also caused fare hikes for sea travel.
Weesam Express implemented fare increases starting Monday, its operator Frank Carbon said yesterday, following TRAIN-triggered fuel price hikes.
Operators of other fast crafts docking at the Bacolod Real Estate Development Corp. (Bredco) port are also expected to implement fare hikes soon, he added.
Carbon said they imposed a P10 fare hike for their economy or low budget seats, and P30 for both tourist and business class passenger seats.
This increase is due to the hike in prices of fuel and oil products like lubricants needed by sea vessels, he said.
Carbon also said that the last increase was made about one and a half years ago.
“We have to adjust the fare or else the current situation will hamper our operations and safety procedures,” he said.
Ferry companies are deregulated in terms of imposing fare hikes, however, Carbon said they ensure that the increase will not be a big burden for fast craft passengers.
“We are basing our increase on market forces and it will still be dependent on the capacity to pay of the prospective passenger,” Carbon said.
He said other fast craft companies like Ocean Jet and 2GO which have Bacolod-Iloilo routes will also increase their faces in the next days or weeks, andwere just waiting for Weesam to initiate the fare hike.
Their cargo services, as well as fares in the roll on-roll off vessels of other companies, are also expected to increase, he added. * MLG
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