P2.5-B fuel subsidy out, distribution expected next week

The Department of Budget and Management (DBM) announced Thursday (March 10) that it has released the P2.5 billion fuel subsidy fund for public utility vehicle drivers amid non-stop oil price hikes.

The DBM said each beneficiary will receive P6,500. Among the beneficiaries include drivers of bus, jeepney, tricycle, taxi, UV Express, motorcycle taxi, and transport network vehicle service and ride hailing services.

Land Transportation Franchising and Regulatory Board (LTFRB) Executive Director Kristina Cassion confirmed Thursday afternoon that they have already received the budget, which will be distributed next week.

“Ang distribution po natin, una sa lahat, gagamitin natin ‘yung existing program ng kagawaran – ‘ yung pantawid pasada program para sa mga jeepneys,” Transportation USec. Steven Pastor said.

“Gagamitin din po natin ‘yung database natin sa service contracting dahil nandoon na rin ‘yung detalye ng mga bus, mga jeep na sumali sa programa upang ma-credit din po sa kanila kaagad-agad,” he added.

The Department of Transportation (DOTr) said jeepney drivers within their scope will first receive their subsidy. The Department of the Interior and Local Government and the Department of Trade and Industry have yet to provide the database for tricycle and delivery riders.

The DOTr reminded beneficiaries to use the subsidy through “Pasada” cards for fuel refilling only. The card will also be used for the second tranche of the subsidy after its funding was doubled to P5 billion.

Meanwhile, several transport groups have retracted their P1 to P5 fare hike petition.

The DOTr, however, assured preparedness for additional transport services to assist stranded and affected commuters. – Report from Karen Villanda/AG-rir

Popular

PBBM orders comprehensive agri response for super El Niño

By Dean Aubrey Caratiquet In his meeting with various government agencies at Malacañang on Monday, President Ferdinand R. Marcos Jr. assessed the nationwide response to...

Agency heads eye information campaigns to raise awareness on super El Niño

By Dean Aubrey Caratiquet By Dean Aubrey Caratiquet In a bid to streamline the government’s messaging as it prepares for the impact of super El Niño,...

PBBM hails all-Filipino crew’s completion of analog mission in Batangas

By Dean Aubrey Caratiquet The vast expanse of space serves as the next frontier that the Philippines is yet to fully explore and, as such,...

PBBM admin eyes nationwide solar irrigation expansion

By Darryl John Esguerra | Philippine News Agency The Marcos Jr. administration is targeting the nationwide expansion of solar-powered irrigation to cut farmers’ production costs,...