Gatchalian calls for fuel subsidies amid USD74 crude oil prices
Senator Sherwin Gatchalian called for the implementation of fuel subsidies due to rising crude oil prices, which have reached USD74.04 per barrel as of June 16-18.
The senator warned that further price increases could necessitate the immediate activation of aid provisions under the 2025 General Appropriations Act.
About PHP2.5 billion has been allocated in this year's national budget to assist public utility vehicle drivers, taxi operators, tricycle drivers, and full-time drivers of ride-hailing and delivery services.
An additional PHP150 million is set aside for the Department of Agriculture to support farmers and fisherfolk.
Gatchalian emphasized that swift deployment of assistance is crucial to mitigate the impact of price shocks on vulnerable sectors.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics