P3 B fuel subsidy, P1k for tricycle operators
By J.Lo
Approximately 1.36 million transport workers will receive one-time subsidies, with amounts varying based on mode of transportation, Department of Budget and Management approved release of P3 billion in fuel subsidies to provide relief to transport workers amid recent hikes in oil prices.
Around P10,000 has been allocated for operators of modernized public utility jeepneys (MPUJ) and modernized utility vehicle express (MUVE).
Those utilizing traditional PUJs, traditional UVs, public utility buses, minibuses, taxis, shuttle services taxis, transport network vehicle services, tourist transport services, school transport services, and filcabs will receive P6,500 each.
For delivery service operators, subsidy is P1,200, while tricycle operators will receive P1,000.
Landbank of the Philippines (LBP) will distribute subsidies upon receipt of Land Transportation Franchising and Regulatory Board (LTFRB)'s instructions, mechanics and agreed schedule, DBM said in statement.
Based on data from LTFRB, around 280,000 PUV drivers will get one-time cash grant from agency, while 930,000 tricycle drivers and 150,000 delivery service riders will receive assistance from Department of the Interior and Local Government and Department of Information and Communications Technology.
Budget Secretary Amenah Pangandaman's approval came after DBM received official letter of request from Department of Transportation (DOTr) for Fuel Subsidy Program.
Oil companies have raised fuel prices for nine consecutive weeks, with latest data from Department of Energy's price monitoring reveals substantial increases, with gasoline prices rising by P14.80 per liter year-to-date, diesel by P9.50 per liter, and kerosene by P6.64 per liter.
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