Commuters may soon reap more benefits from plummeting oil prices as the Department of Transportation and Communications (DOTC) on Thursday said bus and taxi fares may soon be lowered.

“As part of the process for the proper pricing of transport services, the LTFRB [Land Transportation Franchising and Regulatory Board] will hear petitions for fare rollbacks for bus, taxi and UV express services tomorrow [January 9],” DOTC spokesman Michael Arthur Sagacal said in a text message to The Manila Times.

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