ABS-CBN
P200 ayuda not enough, some VP bets bat for suspension of fuel excise tax
Most vice presidential candidates for Eleksyon 2022 deemed the P200 monthly fuel subsidy insufficient amid rising oil prices.
Senate President Vicente Sotto III, Senator Francis Pangilinan, and former Akbayan representative Walden Bello agreed that the subsidy was inadequate.
President Rodrigo Duterte approved the P200 monthly subsidy for 12 million poor households, with economic managers admitting it was not affordable.
Walden Bello stated that the aid was insufficient, as it could be used up in a single day.
Senator Francis Pangilinan also emphasized the need for the swift distribution of other subsidies for farmers, fisherfolk, and the transport sector.
Senate President Vicente Sotto III proposed deferring fuel excise taxes and raising the minimum wage in the National Capital Region to P1,000 daily.
Pangilinan, Bello, and Sotto proposed suspending fuel excise taxes as a measure to temper oil prices.
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President Rodrigo Duterte has approved the Department of Finance's (DOF) proposal to provide a P200 monthly subsidy, or "ayuda," to the bottom 50% of poor households for one year.
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President Rodrigo Duterte rejected calls to suspend the excise tax on fuel products, approving the Department of Finance's recommendation to continue collecting them.
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President Rodrigo Duterte ordered the monthly cash aid, or 'ayuda,' for the poorest families to be increased from P200 to P500.
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Presidential candidate Senator Panfilo "Ping" Lacson urged the government to immediately suspend excise taxes on fuel products, even temporarily, amid looming price hikes.
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Recipients of the Pantawid Pamilyang Pilipino Program (4Ps) will receive an additional P200 monthly subsidy for one year, starting this month.
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