Page 4 - Fuel Subsidy Program News Today

DOE assures ample supply of oil, warns of price spike

(File photo) MANILA - The petitions for fare hike filed by the public utility jeepney drivers and operators amid the soaring fuel prices is now being deliberated, Malacanang said Monday. Cabinet Secretary Karlo Nograles, also acting presidential spokesperson, said a series of hearings will be conducted on the petitions filed in the Land Transportation Franchising and Regulatory Board (LTFRB). "May mekanismo naman po tayo tungkol diyan, in that-kung magkakaroon ba ng ganiyang mga options (We...

Malacañang said that the proposed suspension of the excise tax to address the rising price of oil in the country cannot just be implemented unless recommended by the Department of Finance (DOF) and the Development Budget Coordination Committee (DBCC). (File photo) Cabinet Secretary Karlo Nograle

The Department of Agriculture emphasized the need to boost local food production amid the ongoing conflict between Russia and Ukraine as this will lead to higher global food prices.

Russia’s Ukraine invasion puts biz leaders on edge

"Itong problemang kinakaharap natin is a global problem, hindi lang sa Pilipinas nangyayari 'to so nagkakaroon tayo ng kakulangan sa supply at ang production natin ay hindi nakaka-cope up," Energy Undersecretary Gerardo Erguiza Jr. said. "Expected na tataas pa, but hopefully sabi nga nila, what goes up must come down eventually," he added.

LTFRB eyes to increase seating capacity in PUVs

LTFRB lobbies to extend fuel subsidy program ‘til 2022

4,000 PUJ drivers to receive P7,200 fuel subsidy

The government has started the distribution of the P1-billion fund for the fuel subsidies of public utility jeepney (PUJ) drivers, amounting to P7,200, to ease their financial burden due to the increase in petroleum prices.