GMA News
Gov’t prepares fuel subsidy rollout as oil prices remain volatile
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.
This program aims to cushion the effect of soaring global fuel prices, driven by the conflict in the Middle East.
Both consolidated and non-consolidated PUV operators, including unconsolidated jeepney drivers and operators, will be eligible to receive these fuel subsidies.
The LTFRB is finalizing guidelines to ensure swift and equitable distribution of subsidies.
A P2.5 billion allocation has been earmarked for the subsidies under the 2025 national budget.
LTFRB spokesperson Ariel Inton stated that it is better to be prepared for potential oil price spikes.
Consolidation is no longer a requirement for PUV drivers and operators to receive fuel subsidies, according to a clear statement from the DOTr.
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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 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.
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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.
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The Department of Transportation (DOTr) is preparing to distribute a P2.5 billion fuel subsidy to mitigate the impact of an anticipated significant increase in oil prices.
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The Philippine government is prepared to provide fuel subsidies to public utility vehicle (PUV) drivers, farmers, and fisherfolk should global crude oil prices surge.
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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.
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