Manila Bulletin
Gov’t approves P500-M fuel subsidy for farmers, fishers — DA
The national government has approved the distribution of P500 million worth of fuel subsidy for farmers and fisherfolks to mitigate the impact of rising pump prices.
DA Secretary William Dar stated that this move aims to reduce production and transport costs for their products.
The fuel discount program is made possible by the average Dubai crude oil price reaching $80 for three consecutive months from December 2021 to February 2022, allowing the government to access the P500 million fund under the 2022 General Appropriations Act.
The Department of Agriculture is set to submit guidelines for the distribution, which will prioritize corn farmers and fishermen.
The DA is also providing P5,000 worth of Rice Competitiveness Enhancement Fund-Rice Farmers Financial Assistance and fertilizers and seeds to farmers.
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Aspiring vice president Senator Francis "Kiko" Pangilinan is urging the immediate release of the P8 billion fuel subsidy for farmers, fisherfolk, and drivers, citing the current surge in oil prices.
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The LTFRB will begin distributing P6,500 fuel subsidies to public utility vehicle (PUV) drivers and operators starting March 15.
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The National Economic and Development Authority (NEDA) announced that additional funds for fuel subsidies for public transport and agriculture sectors will be sourced from excess tax collections.
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Deputy Speaker Bernadette Herrera urged the government to expedite the release of fuel subsidies and other aid to public utility vehicle drivers and operators impacted by rising oil prices.
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