Truckers are considering raising cargo service rates by up to 50% to offset mounting expenses, as fuel prices are expected to soar in the coming week.
Mary Zapata, president of the Confederation of Truckers Association of the Philippines (CTAP), warned that if diesel reaches ₱90 per liter, operators will have no choice but to increase charges.
She explained that beyond fuel, other costs such as spare parts, tires, and lubricants are also rising sharply.
Zapata added that even if the government suspends the excise tax on oil, it would not be enough to cushion the impact of skyrocketing fuel prices, making rate adjustments inevitable.
This looming hike underscores the ripple effect of global oil volatility, with consumers and businesses alike bracing for heavier financial burdens.
