Congress increases fuel subsidy for PUV drivers to P3-billion

EDSA

The Fuel Subsidy to Transport Sector Affected by Rising Fuel Prices Program was ameliorated by the Congress, increasing the subsidy from P2.5 billion to P3 billion, Quezon City Representative Marvin Rillo said.

KEY TAKEAWAYS

  • How will the subsidy be dispersed to public transport drivers?

    The Land Transportation Franchising and Regulatory Board delivers the subsidy via cash cards or fuel vouchers.
  • How much is the fuel assistance allotted by the Department of Agriculture (DA) for the fisherfolk?

    The DA has allotted P490 million in fuel assistance for Filipino fisherfolk.
  • The Land Transportation Franchising and Regulatory Board delivers the aid via cash cards worth P6,500 each issued by the state-owned Land Bank of the Philippines, or via fuel vouchers redeemable at gas stations.

    According to the lawmaker, the said increase has been factored into the 2023 General Appropriations Law, and the upward adjustment is meant to cushion a greater number of public transport drivers from elevated fuel prices.

    EDSA

    “There’s really no telling where oil prices will be in the months ahead, considering that Russia’s invasion of Ukraine is still ongoing, so the government has to be ready to sustain subsidies to the most vulnerable sectors,” Rillo said.

    Further, the lawmaker said in a press statement that the 2023 General Appropriations Law also includes P490 million for the Fuel Assistance to Fisherfolk Program of the Department of Agriculture (DA).

    “There’s also another P510 million for the DA’s Fuel Assistance to Corn Farmers Program,” Rillo stated.

    As to when the subsidy will be released, Rillo said the release would be triggered “when the average Dubai crude oil price based on Mean of Platts Singapore (MOPS) for three months reaches or exceeds US$80 (P4,356) per barrel.”

    Photos from Ruben Manahan IV

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