(PNA file photo) MANILA - The PHP3-billion fuel subsidy granted to public utility vehicle (PUV) drivers amid the increase in the prices of petroleum products will benefit even the commuting public. Aksyon Demokratiko presidential bet Francisco "Isko Moreno" Domagoso, who praised President Rodrigo Duterte for the move that will alsohelp farmers and fisherfolk, said the relief will mean there will be no increase in fares for now. "Siyempre, masaya ako para sa mga drivers kasi 'pag nagawa ng pamahalaan iyan, kahit papaano, ma-ibsan iyong pagkalugi sa kita nila pang araw-araw. Makikinabang rin ang mga pasahero dahil sa kahit papaano ay wala munang taas-pasahe (Of course I am happy for the drivers because if the government was able to do that, it will help reduce the losses on their daily income. The passengers will also benefit because there will be no increase in the fares)," Domagoso said during his campaign sortie in Nueva Ecija on Thursday. "I am happy na i
MANILA - The Department of Budget and Management (DBM) has released a total of PHP3 billion for the implementation of the Department of Transportation's (DOTr) fuel subsidy program (PHP2.5 billion) and the Department of Agriculture's (DA) fuel discount program (PHP500 million) to provide targeted assistance to affected sectors and cushion the impact of the consecutive oil price hikes in the past three months. The funds were charged from the regular budgets of the DOTr and the DA under the fiscal year 2022 General Appropriations Act. Under the DOTr's fuel subsidy program, financial aid amounting to PHP6,500 will be directly provided not only to affected jeepney drivers but also to qualified drivers of UV express, mini buses, buses, shuttle services, taxis, tricycles, and other full-time ride-hailing such as transport network vehicle service (TNVS) and motorcycle taxis, and delivery services nationwide. The identified 377,443 beneficiaries may claim the subsidy through cash c
MANILA - Operators of public utility vehicles (PUV) and those providing delivery services are expected to receive another fuel subsidy from the government once the program resumes in April this year. "Handa ang DOTr [Department of Transportation] at LTFRB na ipagpatuloy ang fuel subsidy program na inaasahang sa April 2022 pa muling maipatutupad (The DOTr and LTFRB are ready to continue the fuel subsidy program that is eyed to resume in April 2022)," the LTFRB said in a statement on Friday. While the budget for the program has already been approved under the General Appropriations Act (GAA) of 2022, the LTFRB is still awaiting the release of the funds from the Department of Budget and Management (DBM). "Oras na mailabas ito, ibibigay ang nakalaang pera sa programa sa LBP [Land Bank of the Philippines] para mapabilis ang pagbibigay ng subsidiya sa mga benepisaryo (Once released, the allotted funds will be given to the LBP to accelerate the distribution of the subsidy to be
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