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Marcos seeks immediate fuel subsidy distribution: DBM

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Job Manahan, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Members of transport group PISTON hold a protest against consecutive oil price hikes in front of a gas station in East Avenue, Quezon City on August 15, 2023. Maria Tan, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/life/08/22/20230815-oil-price-hike-protest-mt2.jpg"/><figcaption>Members of transport group PISTON hold a protest against consecutive oil price hikes in front of a gas station in East Avenue, Quezon City on August 15, 2023. <em>Maria Tan, ABS-CBN News</em></figcaption></figure></div><p>MANILA — President Ferdinand Marcos, Jr. is seeking a faster rollout of the P3-billion fuel subsidy to around 1 million drivers, the Department of Budget and Management (DBM) said on Tuesday. </p><p>Budget Secretary Amenah Pangandaman said while the funding is already available, a joint memorandum circular for this year and its accompanying memorandum of agreement would be needed from the transportation department.</p><p>The agency has yet to submit this, however, to the DBM, noted Pangandaman. </p><p>&quot;So we are waiting for that. Kailangan po namin ng kopya kasi nasa [General Appropriations Act] po. We cannot release without that,&quot; she told Palace reporters. </p><p>&quot;Siyempre po si Presidente kapag...gusto po niya kapag nasa budget, kailangan magamit kaagad. &#x27;Yun po. Sana po mailabas namin kaagad kapag meron nang requirement for GAA,&quot; she added. </p><p>The budget chief said they already followed up the memo to Transportation Secretary Jaime Bautista, noting that this does not have any significant changes.</p><p>&quot;Sinabihan na namin siya na kailangan matapos na po nila yung joint...yung [joint memorandum circular] nila and then wala naman masyadong amendment doon,&quot; she said. </p><p>&quot;I think the can use the previous JMC yata and then sign it and submit to us then we will release the budget,&quot; she added. </p><p>The Land Transportation Franchising and Regulatory Board last week said it aimed to distribute fuel subsidy to around 1.3 million operators and drivers of public utility vehicles <a href="https://news.abs-cbn.com/news/08/16/23/ltfrb-aims-to-distribute-fuel-subsidy-this-august">before the end of August</a>. </p><p>The agency said it is just waiting for funds to be downloaded from the budget department. </p><p>Fuel prices <a href="https://news.abs-cbn.com/business/08/21/23/fuel-prices-to-increase-again-on-aug-22">surged again</a> on Tuesday, with gasoline getting more expensive by P1.10 per liter.</p><p>Since July 10, the string of fuel price hikes has already totaled P12.50 per liter for diesel, P8.85 for gasoline and P11.85 for kerosene. </p><p>However, year to date the net increases total to P14.50 per liter for gasoline, P8.80 for diesel, and P5.84 for kerosene.</p><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2773142" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div><div><em><strong>Video from PTV</strong></em></div>

President Ferdinand Marcos, Jr. is seeking a faster rollout of the P3-billion fuel subsidy to around 1 million drivers, the Department of Budget and Management (DBM) said on Tuesday.

Marcos seeks immediate fuel subsidy distribution: DBM

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Marcos seeks immediate fuel subsidy distribution: DBM

Job Manahan,

ABS-CBN News

Published August 22, 2023 03:11 PM PHT

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Updated August 23, 2023 12:13 AM PHT

Read More:

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