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LTFRB: P703M in fuel subsidies released to beneficiaries
Some P703 million worth of fuel subsidies have been released to 108,164 beneficiaries across the country amid successive domestic pump price hikes.
Each beneficiary received P6,500 as part of the Pantawid Pasada Program.
The government has allocated an initial P2.5 billion to provide fuel vouchers for approximately 377,000 qualified public utility vehicle drivers.
LTFRB Executive Director Tina Cassion reminded drivers that the subsidy can only be used for fuel purchases.
The program aims to provide immediate support to PUV drivers facing financial hardship due to the ongoing surge in fuel prices.
The beneficiaries of the Fuel Subsidy Program extend beyond jeepney drivers to include drivers of UV Express units, minibuses, buses, shuttle services, taxis, tricycles, and full-time ride-hailing and delivery services.
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Around 115,000 public utility vehicle (PUV) drivers and operators have received their P6,500 fuel subsidy since distribution began on March 15, 2022.
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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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As of Wednesday, March 23, 2022, the Land Transportation Franchising and Regulatory Board (LTFRB) has distributed fuel subsidy cards to approximately 115,000 public transport drivers.
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The Department of Agriculture (DA) announced that over 158,000 farmers and fisherfolk will each receive a PHP3,000 fuel subsidy from a PHP1.1-billion fund to help offset rising oil 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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