In Latvia, regional public transport passenger carriers are facing challenges due to the rapid increase in fuel prices. To address this issue, the Ministry of Transport (SM), the Road Transport Administration (ATD), and the Latvian Passenger Transport Association (LPPA) have agreed to a conceptual plan to compensate these carriers with larger advance payments. The proposal includes reallocating funds initially designated for covering losses in later months, to provide immediate financial relief to the carriers. This measure aims to ensure that transport operators can continue to afford fuel amid rising costs.

LPPA President Ivo Ošenieks highlighted that the current solution would require an additional 1.5 million euros per month, on top of the already planned advance payments, to effectively cover the increased fuel expenses. Presently, the advance payment stands at approximately 4.5 million euros. The pressing need for this funding is underscored by the need of regional carriers to manage their operations without delays, as they cannot afford to wait for financial assistance given the volatile fuel market and its direct impact on their operational costs.

ATD Board Chairman Jānis Lapiņš emphasized the urgency of quickly finding and reallocating financial resources to the transport operators. The swift action is deemed essential as these carriers are in critical need of support in light of the increasing fuel prices, which have a direct influence on fares and overall service viability. The collaboration between governmental bodies and transport associations aims to stabilize the situation for public transport providers during a challenging economic period, reflecting the necessary adjustments in public policy to support essential services.