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LTFRB Confirms PH Gov’t Approves P1-Billion Fuel Subsidy for PUV Drivers

The Philippine government has approved the P1-billion fuel subsidy for public utility vehicle drivers amid oil price hike.

Over the past eight week, the prices of petroleum products continue to increase and add the burdens of Filipino drivers. The lawmakers and other transport groups have started to seek suspension of excise taxes on fuel.

On Saturday (October 30, 2021), Land Transportation Franchising and Regulatory Board (LTFRB) announced that the national government approved the subsidy for Filipino drivers amid surging prices of fuel.

Fuel Subsidy

LTFRB Chairman Martin Delgra said that only legitimate qualified franchise holders and their drivers particularly those who were  in the traditional public utility jeepney sector will be covered by the subsidy.

However, Delgra could not yet give an exact date for the release of grant. The bill is pursuant to the Train law. He also said that there are other programs for different modes of transport.

“Dito po sa fuel subsidy program na inapruba, this is pursuant [to] the Train Law, and the law is specific as to the recipient so PUJ sector po ang makikinabang dito. May ibat-ibang programa naman sa ibang modes of transport,” Delgra said.

Fuel Subsidy

Initially, the fund were supposed to go to the operators or franchise holders but the group eventually decided to directly give it to the beneficiaries. The list of oil companies and gas stations are still on-process.

“Yung nakalagay sa batas, ‘yung Pantawid Pasada cards ay nasa operator… pero we are looking at ways by which ibababa rin at magagamit ng tsuper kung saan sila po ang bumibili ng crudo lalong-lalo na ang tinatawag natin na traditional jeepney,” Delgra added.

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Read Also: DOE Says Oil Price Hike Could Not Reach P7 Within Next 2 Months

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