Nd Senate Bill No 2176 Or The Affordable Pork Act To Quot Help Ease Possible Domestic Supply Constraints And Prevent Second Round Effects On Prices Dbcc Remains Committed Taking Decisive Action Ensure Unhampered Of Goods Services Despite Rising Oil Amid Pandemic These Will Support Our Full Recovery Sustained Growth In 2022 Beyond News Today : Breaking News, Live Updates & Top Stories | Vimarsana
File photo MANILA - Economic managers have vowed continued measures to help sectors affected by the rising fuel prices, including the PHP2.5-billion fuel subsidy program. In a statement Thursday, the inter-agency Development Budget Coordinating Committee (DBCC) said the fuel subsidy will be released through the Department of Transportation (DOTr). "This aims to provide fuel vouchers to over 377,000 qualified PUV (public utility vehicle) drivers who are operating jeepneys, UV express, taxis, tricycles, and other full-time ride-hailing and delivery services nationwide," it said. Prices of crude oil in the international market have reached around USD92 per barrel as of this week, thus, the rise in domestic oil prices. The DBCC said as of February 17, the Bangko Sentral ng Pilipinas (BSP) forecast Dubai crude oil price for this year to average at USD83.3 per barrel but prices were "expected to decelerate to USD 79.0 by the end of this year based on the latest oil futures.&qu