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PH Government Assures Assistance to Farmers, Fishermen amid Oil Price Hikes

PH GOVERNMENT – The Philippine government is set to release fuel subsidies for farmers and fishermen amid the oil price hikes.

Many Filipinos now are struggling to cope with the upward trend of oil prices. The series of oil price hikes that have a big impact on the finances of many people began in January 2022. Since then, the oil prices increased almost every week.

According to the authorities, the increase in the prices of oil is due to the high global demand. Previously, it was predicted that the prices of oil may continue to go an upward trend until May or June. The war between Ukraine and Russia which recently started is eyed to be another possible factor that can further bring the oil prices up.

Amid the oil price hikes, the national government affirmed its readiness to assist those who are greatly affected by it. Fuel subsidies for the public utility vehicle (PUV) drivers are currently under releasing process.

PH Government Fuel Subsidy Farmers
Photo Credit: Change

The PH government is also set to release fuel subsidies for farmers and fishermen. Based on a report on ABS-CBN News, corn farmers are the target of the government and the rollout of the fuel subsidies will start in Tacloban City under the “Plant, Plant, Plant” program of the current administration.

The first tranche of the fuel subsidy has about Php 500 million budget. Each beneficiary will get Php 3,000.00 worth of vouchers that can be used in fuel stations across the nation. According to Agriculture Secretary William Dar, the 2nd tranche which is set to be released by April has a budget of Php 600 million.

Based on the report, a lot of fishermen are planning to quit their livelihood. The PH government is appealing to the fisherfolks not to push through with their plan as it may greatly reduce the fish supply in the country.

The fuel subsidies are set for the farmers and the fisherfolks registered with the Department of Agriculture (DA) and the Bureau of Fisheries and Aquatic Resources (BFAR).

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READ ALSO: LTFRB Speaks on Release of Fuel Subsidy for Drivers amid Oil Price Hike

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