Fueling Frustration: The Unspoken Costs of Unregulated Fuel Prices The Philippine bus operators' plea to President Marcos to allow them to raise ticket prices is a symptom of a far more insidious issue: the unregulated fuel market in the country.
As fuel costs continue to soar due to the ongoing Middle East conflict, public transportation companies are facing an impossible choice between operating at a loss or abandoning their services altogether.
The situation is not unique to the Philippines. Governments worldwide have been criticized for neglecting to regulate fuel prices.