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Gov't OKs P1-billion fuel subsidy for public transport drivers amid price hikes

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Job Manahan, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Jeepneys plying the Quiapo-Project 8 route traverse EDSA in Quezon City, making a u-turn under the EDSA-Quezon Avenue flyover on October 27, 2020. Mark Demayo, ABS-CBN News" src="http://sa.kapamilya.com/absnews/abscbnnews/media/2021/tvpatrol/10/26/quiapo-proj-8-jeep-edsa-route-md-8625.jpg"/><figcaption>Jeepneys plying the Quiapo-Project 8 route traverse EDSA in Quezon City, making a u-turn under the EDSA-Quezon Avenue flyover on October 27, 2020. <em>Mark Demayo, ABS-CBN News</em></figcaption></figure></div><p>MANILA— Government has approved the P1-billion fuel subsidy for public utility vehicle drivers amid rising prices of fuel in recent weeks, the Land Transportation Franchising and Regulatory Board (LTFRB) confirmed on Saturday.</p><p>LTFRB Chairman Martin Delgra said the grant is for &quot;legitimate qualified franchise holders and their drivers,&quot; most especially in the traditional public utility jeepney (PUJ) sector. </p><p>There is no date yet as to when the subsidy will be released, he said.</p><p>&quot;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,&quot; he said in a public briefing. </p><p>(This is pursuant to the Train law and it is specific to the PUJ sector, so they would benefit from this greatly. We have different programs for the different modes of transport.)</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/10/29/21/rollback-sa-diesel-at-kerosene-hike-sa-gasolina-nakaamba">READ: Rollback sa diesel, kerosene nagbabadya pero taas-presyo sa gasolina, LPG asahan</a></li>	<li><a href="https://news.abs-cbn.com/business/10/25/21/govt-says-to-grant-fuel-subsidies-to-affected-puv-drivers">READ: Gov&#x27;t to release P1 billion worth of fuel subsidies to affected PUV drivers: DBCC</a></li></ul><p>It will be disbursed under LTFRB&#x27;s Pantawid Pasada Program, which was introduced in 2018 and 2019, according to Delgra. </p><p>The funds are initially planned to be distributed through the operators or franchise holders, but they are &quot;looking for ways&quot; to give it directly to the beneficiaries. </p><p>Authorities are also finalizing the list of oil companies and gas stations who will participate in the program. </p><p>&quot;Yung nakalagay sa batas, &#x27;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,&quot; he explained.</p><p>(The law indicates that the pantawid pasada cards would be with the operator but we are looking for ways to distribute this directly to the drivers who buy the gasoline.)</p><p>Prices of petroleum have spiked over the last 8 weeks, with another hike set for the last week of October, prompting lawmakers as well as transport groups to seek the suspension of excise taxes on fuel. </p><p>Energy Secretary Alfonso Cusi earlier said suspending the excise tax could lower fuel prices by P8 to P10.</p><p>On Friday, prices of gasoline soared to P1.28 per liter. In total, its net increase has gone up to P20.80. </p><div><strong>WATCH</strong></div><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=181386" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div><address style="text-align:center">Video from PTV</address>

Government has approved the P1-billion fuel subsidy for public utility vehicle drivers amid rising prices of fuel in recent weeks.

Gov't OKs P1-billion fuel subsidy for public transport drivers amid price hikes

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Gov't OKs P1-billion fuel subsidy for public transport drivers amid price hikes

Job Manahan,

ABS-CBN News

Published October 30, 2021 01:01 PM PHT

|

Updated October 30, 2021 01:09 PM PHT

Read More:

gas

LTFRB

Martin Delgra

PUJ

PUV drivers

fuel subsidy drivers

drivers fuel subsidy

public transport drivers

oil price hike

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