Trans­port group lauds roll­back on oil prices

Watchmen Daily Journal - - Top Stories - By Do­minique Gabriel G. Bañaga

Lo­cal trans­port group, the Fed­er­a­tion of Ba­colod Driv­ers As­so­ci­a­tion (Fe­bacda), lauded the re­cent roll­back on the price of oil.

In a ra­dio in­ter­view yes­ter­day morn­ing, Fe­bacda Pres­i­dent El­iz­a­beth Katal­bas said they are thank­ful for the roll­back as it will “pro­vide relief for driv­ers and trans­port op­er­a­tors, espe­cially since the month of De­cem­ber is con­sid­ered a time when peo­ple make a lot of pur­chases.”

Katal­bas hopes the roll­back will con­tinue un­til next year.

Ear­lier, oil com­pa­nies in the coun­try an­nounced a P1 roll back on diesel and gaso­line in re­sponse to the roll­back on oil prices in the world mar­ket.

Katal­bas also re­minded trans­port op­er­a­tors to ac­quire new fare tar­iffs in or­der to avoid be­ing pe­nal­ized by Land Trans­porta­tion Fran­chis­ing and Reg­u­la­tory Board of­fi­cials./DGB,

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