NLEX sees traffic decline as fuel prices rise - BusinessWorld Online

NLEX sees traffic decline as fuel prices rise - BusinessWorld Online

NLEX CORP., a unit of Metro Pacific Tollways Corp. (MPTC), expects its traffic volume to decline by about 1% due to rising fuel prices linked to the conflict involving Iran. “In the previous cases during the oil price hikes, there is usually a slowdown in traffic, probably around 1% to 1.5%,” NLEX President and General Manager Luis S. Reñon told reporters on Wednesday during an inspection of Metro Manila Skyway Stage 3 (MMSS3). He said the tollw…