Davao drivers and operators demand the scrapping of VAT on oil

According to the Transport of Southern Mindanao for Solidarity, Independence and Nationalism (Transmision) computations, a driver who consumes an average of 30 liters per day loses 747.30 pesos in his day's income compared to the 2005 level. The one-peso fare hike allows the driver to recover 250 pesos of this lost income, if he maintains the average number of passengers in a day. But he still has to contend with the 497.30 pesos deficit.

Continue ReadingDavao drivers and operators demand the scrapping of VAT on oil