Page 5 - Service Contracting Program News Today

“This will provide our drivers and operators regular payouts amid the rising fuel prices and inflation. The other benefit is that the Service Contracting will allow the resumption of the ‘Libreng Sakay’... that will be implemented nationwide,” Transportation Secretary Tugade said.

Major oil price hike scheduled for tomorrow, March 29

(File photo) MANILA - Public utility vehicle (PUV) drivers, operators, and the commuting public will soon be able to enjoy the benefits of the government's Service Contracting Program (SCP) once the Commission on Elections (Comelec) exempts the program's disbursement during the 2022 election season. In a Viber message to reporters on Thursday, Land Transportation Franchising and Regulatory Board (LTFRB) Executive Director Kristina Cassion said an application for exemption has already bee...

(File photo) MANILA - Around 115,000 drivers of public utility vehicles (PUV) have received their one-time PHP6,500 fuel subsidy from the government, an official of the Land Transportation Franchising and Regulatory Board (LTFRB) said on Wednesday. In a Laging Handa briefing, Zona Russet Tamayo, regional director of the LTFRB - National Capital Region (NCR), said the funds were distributed through cash cards provided by the Landbank of the Philippines (LBP). "Patuloy na ho na nag-i-imprint ...

The Department of Budget and Management (DBM) has released P7 billion to the Department of Transportation (DOTr) for the implementation of Service Contracting Program (SCP) in a bid to further cushion the impact of rising oil prices. The SCP aims to provide cash subsidies to affected public utility vehicle (PUV)…

“We are sad, disappointed. Kulang ang kasing-kasing ang atong gobyerno,” said Ryan Benjamin Yu, general manager and president of Cebu Integrated Transport Multi-Purpose Cooperative.

Fuel subsidy for PUVs starts

“In justifying its decision, the Board said it had to judiciously balance the rights of the riding public who are mostly dependent on the public transport system vis-à-vis the right of the operators to financial returns,” LTFRB said.

FUEL SUBSIDY. Department of Transportation Secretary Arthur Tugade reports to President Rodrigo Duterte during the Talk to the People about the distribution of the PHP2.5-billion fuel subsidy in Malacanang on Tuesday (March 15, 2022). Tugade also appealed to transport operators and drivers to hold off seeking a fare hike. (Photo courtesy of RTVM) MANILA -The Department of Transportation (DOTr) has started rolling out the first tranche of its PHP2.5 billion fuel subsidy to public utility vehicle ...

"The LTFRB has submitted all the documents they have required since February but so far the funds have not been released. We know how far the 6,500 fuel subsidy will go and it would have been part of our strategy to immediately follow the Service Contracting Program so we expect the immediate release of funds within this week," she said in Filipino.