Govt readies P2.5B fuel subsidies for transport, agri sectors
Philippine economic managers announced readiness to provide fuel subsidies to transport and agriculture sectors due to rising oil prices.
The government plans to release PHP2.5 billion through DOTr for fuel vouchers benefiting over 377,000 PUV drivers operating various services nationwide.
Additionally, the Department of Agriculture has allocated PHP500 million for fuel discounts to farmers and fisherfolk to mitigate production and transport costs.
The DBCC is closely monitoring oil prices and remains committed to providing targeted relief assistance to affected sectors.
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