Manila Bulletin
'Release of P8-B fuel subsidy for farmers, fishers, drivers' --- Pangilinan
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.
Pangilinan stressed that the funds are already allocated in the 2022 national budget and require prompt release, stating, "May pera sa budget. Kailangan na lang i-release. Gawin na ito ASAP."
He highlighted the suffering of Filipinos and called for swift action to avert impending fuel and food crises exacerbated by the tensions between Ukraine and Russia.
The fuel subsidy program, with a total budget of P8 billion in the 2022 GAA, includes P2.5 billion under the DOTr, P500 million under the DA, and P5 billion in the Unprogrammed Appropriations.
The program is designed to provide financial assistance or fuel vouchers to workers in the transportation and agriculture sectors when world oil prices reach or exceed $80 per barrel.
The coverage of the fuel subsidy program has been expanded to include taxi, tricycle, ride-hailing, and delivery services.
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The Philippine government is preparing P2.5 billion in fuel vouchers for public transport drivers as a response to the global spike in oil prices following Russia's attack on Ukraine.
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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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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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