Victory bus lines has announced they will have to close if the fares are not allowed to increase because of fuel prices . Bus fares are regulated in the Philippines.
note Ayuda means charity.
Quoted statement below:
VICTORY LINER
THE PROVINCIAL AND CITY BUS INDUSTRIES ARE BLEEDING
We urgently call upon His Excellency the President of the Republic of the Philippines, the Senate, the House of Representatives, the Department of Transportation, the Department of Finance, the Department of Energy and the LTFRB, for the immediate lifting of the directive suspending the fare adjustment order previously approved by the LTFRB last March 14, 2026.
WE ASK FOR A FARE THAT WILL KEEP PUBLIC TRANSPORT MOVING.
AN URGENT APPEAL FROM THE PROVINCIAL and CITY BUS INDUSTRY
WE DO NOT ASK FOR AYUDA.
Fuel prices have reached levels that our operations can no longer absorb. Fuel already accounts for approximately 45-60% of our operating costs, yet the fares we are authorized to collect have not kept pace with the actual cost of providing safe and reliable transportation.
Among the major modes of public transportation, land transport is placed at a distinct disadvantage. Airlines and sea transport operators may impose fuel surcharges in response to extraordinary fuel-price increases. Provincial and city buses cannot independently impose a similar surcharge. We must continue operating under regulated fares while absorbing every fuel-price increase.
There is another inequity: passenger fares are not subject to VAT, while the fuel we purchase carries VAT. Because our sales generate no output VAT against which the VAT on fuel may be credited, that tax becomes part of our cost—a burden the bus operator must absorb.
We were also required to modernize our fleets. In good faith, operators invested in new buses and took out substantial loans to comply. Today, we must carry the combined costs of fuel, modernization loans, spare parts, tires, maintenance, insurance, toll fees and regulatory compliance.
An impending wage increase will add further pressure. We recognize that our employees deserve fair compensation. But higher wages must be supported by revenues sufficient to sustain both employment and operations.
NO INDUSTRY CAN SURVIVE WHEN ITS REGULATED REVENUE IS LOWER THAN THE ACTUAL COST OF DELIVERING ITS SERVICE.
We are not asking the Government for ayuda.
We are not asking taxpayers to carry our businesses.
We are asking for a fair and sustainable fare that reflects the real cost of operating public transportation.
We cannot freely increase fares. We cannot impose a fuel surcharge. We cannot compromise safety or maintenance. We cannot simply stop operating without risking the abandonment or cancellation of our franchises.
THIS IS NOT A THREAT TO STOP OPERATIONS.
THIS IS A NOTICE THAT OPERATIONS MAY SOON BECOME IMPOSSIBLE.
If responsible operators are pushed into insolvency, commuters will ultimately suffer: fewer buses, fewer trips, longer waiting times and the loss of vital connections between cities and provinces. Thousands of drivers, conductors, mechanics and support personnel will also face the loss of their livelihoods.
We understand that fare adjustments affect commuters. But keeping fares artificially below the actual cost of service does not protect the public in the long term. It merely delays the crisis until operators can no longer deploy enough safe and roadworthy buses.
We modernized our bus units, and services because the Government required us to modernize.
We borrowed because compliance required capital.
We continue to operate because our franchises carry a public responsibility.
Now, Government must fulfill its corresponding responsibility: to ensure that the public transport system it regulates remains financially capable of serving the Filipino people.
WE DO NOT ASK FOR CHARITY.
WE ASK FOR URGENT ACTION.
WE ASK FOR A FAIR AND SUSTAINABLE FARE.
ACT NOW—BEFORE MORE BUSES CAN NO LONGER LEAVE THEIR TERMINALS.
The provincial and city bus industries remain ready to serve.
But public service must also be allowed to survive.
SIGNED IN SOLIDARITY:
PROVINCIAL BUS OPERATORS ASSOCIATION OF THE PHILIPPINES / NAGKAKAISANG SAMAHAN NG NANGANGASIWA NG PANLALAWIGAN BUS SA PILIPINAS, INC. / SOLUBOA / MEGA MANILA CONSORTIUM
Logos / organizations shown at the bottom:
- nsnp bpi — Nagkakaisang Samahan ng Nangangasiwa ng Panlalawigang Bus sa Pilipinas, Inc.
- MMCC — Mega Manila Consortium Corporation
- SOLUBOA — Southern Luzon Bus Operator Association