Manila, March 26 -- The Land Transportation Franchising and Regulatory Board (LTFRB) on Thursday reached out to malls and other property owners to reduce the rent for public utility vehicle (PUV) terminals.

In a statement, LTFRB Chair Vigor Mendoza II said a rent cut for PUV terminals would help PUV operators reduce operational costs and help offset high fuel prices amid the ongoing conflict in the Middle East.

"We have already sent letters to as many owners and managers of establishments with PUV terminals to reduce the rental fees as a way of assistance to the public transport sector," Mendoza said.

All LTFRB regional directors were ordered to send a letter of appeal to terminal owners and operators in their respective areas of respo...