Cagayan de Oro Transport Cooperative Halts Services Amid Fuel Price Surge
CDO transport coop suspends operations over rising fuel costs
Inquirer
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The PN Roa Canitoan Transport Cooperative (PONTRASCO) in Cagayan de Oro City, Philippines, has suspended operations due to a spike in diesel prices, which have risen by ₱18.80 per liter. The cooperative will remain inactive until fuel prices stabilize and promised government subsidies are released.
- 01PONTRASCO suspended operations due to rising diesel costs linked to the Middle East conflict.
- 02Diesel prices surged by ₱18.80 per liter, prompting the suspension.
- 03The cooperative will remain inactive until government subsidies are released.
- 04The Land Transportation Franchising and Regulatory Board (LTFRB) plans to distribute fuel subsidies to affected drivers.
- 05A one-time cash grant of ₱5,000 will be provided to tricycle drivers in Northern Mindanao.
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The PN Roa Canitoan Transport Cooperative (PONTRASCO) in Cagayan de Oro City, Philippines, has announced the suspension of its transport services effective April 6 due to escalating diesel prices, which have increased by ₱18.80 per liter amid ongoing tensions in the Middle East. Luzviminda Escobidal, the cooperative's president, stated that operations will remain halted until diesel prices stabilize and the government fulfills its promise of fuel and food subsidies. The Land Transportation Franchising and Regulatory Board (LTFRB) confirmed that it will begin releasing these subsidies to affected drivers on April 8, with a list of 4,884 taxi drivers already submitted for assistance. Additionally, the Department of Social Welfare and Development (DSWD) will roll out a ₱5,000 cash grant for tricycle drivers in Northern Mindanao as part of its Cash Relief Assistance program. This assistance will be distributed across various regional centers, excluding Iligan City due to the lack of a local Tricycle Operators and Drivers Association.
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The suspension of transport services will affect daily commuters in Cagayan de Oro City, leading to increased travel difficulties and potential economic impacts on local businesses reliant on public transport.
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