Manila, July 24 -- The Department of Transportation (DOTr) said Friday it is looking into having a moratorium on loan payments for modern jeepneys as well as increasing fuel discounts for public utility vehicles (PUV) to help public transport operators and drivers amid continued fuel price hikes.

In a statement, DOTr Acting Secretary Giovanni Lopez said he will write a letter asking for a moratorium addressed to the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) - the two banks that provide loans for modern PUVs under the Public Transport Modernization Program (PTMP).

"At least makakatulong naman po 'yan. Kumbaga, mababawasan ang kanilang iniisip nitong pagtaas ng oil (This will help. They'll have ...