Philippine News Agency
Gov’t readies fuel subsidy for PUVs, farmers, fisherfolk
The Philippine government is expediting efforts to roll out fuel subsidies totaling P3.1 billion to shield public utility drivers (PUVs), farmers, and fisherfolk from the impact of soaring fuel prices amidst rising tensions in the Middle East.
A total of PHP2.5 billion has been earmarked for PUV drivers and operators, while PHP600 million is allocated for farmers and fisherfolk.
Department of Energy (DOE) Officer-in-Charge Sharon Garin confirmed the government is coordinating with relevant agencies to finalize the distribution of the subsidy programs.
President Ferdinand R. Marcos Jr. had previously met with his economic team to assess the potential effect of the Iran-Israel conflict on local fuel supply and prices.
The final amount each beneficiary will receive is still being determined.
Department of Transportation (DOTr) Secretary Vince Dizon had previously confirmed the availability of funds and the ongoing preparation of release guidelines, urging transport operators and groups not to protest as government assistance is forthcoming.
The P2.5-billion fuel subsidy program has received certification from the Department of Energy.
Topics in this story
Explore more stories about these topics.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) are preparing to distribute fuel subsidies to public utility vehicle (PUV) drivers and operators.
+3
Read more →
The Philippine government is prepared to release fuel subsidies to over 1.1 million public transport drivers if global crude oil prices exceed $80 per barrel due to the ongoing Israel-Iran conflict.
Read more →
President Ferdinand Marcos Jr. confirmed the government is preparing fuel subsidies for public utility vehicle (PUV) drivers and other sectors potentially affected by oil price hikes due to escalating Middle East tensions.
+2
Read more →
The Philippine government is prepared to provide fuel subsidies to public utility vehicle (PUV) drivers, farmers, and fisherfolk should global crude oil prices surge.
Read more →
President Ferdinand Marcos Jr. announced a pause in the fuel subsidy program for public utility vehicle (PUV) drivers following a tentative ceasefire between Israel and Iran.
Read more →