Rappler
LTFRB to distribute fuel subsidy starting March 15
The LTFRB will begin distributing P6,500 fuel subsidies to public utility vehicle (PUV) drivers and operators starting March 15.
The Department of Budget and Management (DBM) has released P3 billion for fuel subsidies, with P2.5 billion allocated to the transport sector and P500 million to the Department of Agriculture.
Over 377,000 qualified PUV drivers nationwide are set to receive the P6,500 fuel voucher.
Beneficiaries can claim their subsidies through cash cards issued by the Landbank of the Philippines.
The government is providing these subsidies due to soaring fuel prices, opting for this measure instead of suspending excise taxes.
The LTFRB has yet to decide on the drivers' request for a temporary minimum fare hike.
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The Land Transportation Franchising and Regulatory Board (LTFRB) has begun distributing the P2.5 billion fuel subsidy to public utility vehicle (PUV) drivers and operators.
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Malacañang announced the release of P3 billion in fuel subsidy to the Department of Transportation (DOTr) and the Department of Agriculture (DA) to help mitigate the impact of rising fuel prices.
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Lawmaker Florida Robes urged the Department of Transportation (DOTr) and Land Transportation Franchising and Regulatory Board (LTFRB) to expedite the release of P5 billion in fuel subsidies for public utility vehicle (PUV) drivers.
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The Department of Agriculture (DA) has allotted a PHP1.1 billion budget for fuel subsidies for corn farmers and fishermen to cushion the impact of soaring oil prices.
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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.
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