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

Student discount on trains now at 50% — DOTr chief

By Brian Campued President Ferdinand R. Marcos Jr. directed the Department of Transportation (DOTr) to implement an increased fare discount for all students, including those...

PBBM vows wider Internet access in remote schools

By Darryl John Esguerra | Philippine News Agency President Ferdinand R. Marcos Jr. on Thursday reaffirmed his administration’s push for digital transformation in Philippine education,...

Gov’t ready to assist repatriation of OFWs amid Middle East tensions, extend fuel subsidies to sectors affected by oil price hikes

By Dean Aubrey Caratiquet The uptick in violence and escalating tensions in the Middle East has placed several countries on edge, as nations in Asia’s...

Marcos Jr. admin, DSWD celebrate successful pilot launch of PWD e-shuttle services, launch campaign against bullying

By Dean Aubrey Caratiquet Services geared towards providing solutions to the needs of the masses should have inclusivity and safety among its chief priorities, especially...