State of the Nation is a nightly newscast anchored by Atom Araullo and Maki Pulido. It airs Mondays to Fridays at 10:30 PM (PHL Time) on GTV. For more videos from State of the Nation, visit http://www.gmanews.tv/stateofthenation.
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NewsTranscript
00:00 Is your stock market ready for the new high price of oil?
00:04 The price of gasoline will rise by P1.10 per liter tomorrow,
00:09 while the price of diesel will rise by P20.00,
00:12 while the price of kerosene will rise by P70.00.
00:14 This is the sixth week in a row that the price of gasoline has risen,
00:19 and the total price has reached almost P9.00.
00:22 The price of diesel and kerosene has risen by P11.00 and P12.00.
00:28 That's why taxi operators are also trying to increase their prices.
00:32 Philippine National Operators Association called the LTFRB
00:36 and asked them to issue a petition to raise the flag down rate
00:41 from P70.00 to P40.00.
00:44 In 2017, the last time a taxi fare rose was in 2017.
00:48 Last year, the LTFRB agreed to raise the flag down rate for taxis,
00:53 but only by P5.00.
00:54 The group said that they did not implement the petition
00:57 because they asked for P30.00 increase in the flag down rate in 2021.
01:02 The LTFRB has yet to respond.
01:04 (upbeat music)