File Photo Manila Economic Managers Have Vowed Continued Measures To Help Sectors Affected By The Rising Fuel Prices 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 ....

United Arab Emirates , Bangko Sentral , Philippine Livestock Development Industry , Department Of Agriculture , Senate Bill No , Department Of Transportation Dotr , Development Budget Coordinating Committee , Senate Bill , Philippine Livestock Development Industry Act , Affordable Pork Act , File Photo Manila Economic Managers Have Vowed Continued Measures To Help Sectors Affected By The Rising Fuel Prices , Ncluding The Php2 5 Billion Fuel Subsidy Program Ina Statement Thursday , He Inter Agency Development Budget Coordinating Committee Dbcc Said The Fuel Subsidy Will Be Released Through Department Of Transportation Dotr Quot This Aims To Provide Vouchers Over 377 , 000 Qualified Puv Public Utility Vehicle Drivers Who Are Operating Jeepneys , Luv Express , Nd Other Full Time Ride Hailing And Delivery Services Nationwide , Uot It Said Prices Of Crude Oil In The International Market Have Reached Around Usd92 Per Barrel As This Week , He Rise In Domestic Oil Prices The Dbcc Said As Of February 17 , He Bangko Sentral Ng Pilipinas Bsp Forecast Dubai Crude Oil Price For This Year To Average At Usd83 3 Per Barrel But Prices Were Quot Expected Decelerate Usd 79 0 By The End Of Based On Latest Futures Economic Managers Said Committee Is Closely Monitoring Factors Affecting In Country Given Recent Developments , He Government Remains Ready To Provide Targeted Relief Assistance And Support Address The Impact Of Oil Price Hike For Affected Sectors , Specially Public Utility Vehicle Puv Drivers , Nd Fisherfolk , Uot They Said The Department Of Agriculture Da Has Allocated Php500 Million For Fuel Discounts Quot Farmers And Fisherfolk Who Either Individually Own Operate Agricultural Fishery Machinery Or Througha Organization Cooperative This Will Help Mitigate Impact Elevated Prices On Production Transport Costs Farm Products , Uot The Statement Said Dbcc Government Is Also Pursuinga Quot Holistic Value Chain Approach To Ensure An Adequate And Affordable Food Supply Amidst Rising Oil Prices This Includes Da 39s Support Various Proposed Measures In Congress , Uch As Senate Bill No 139 Or The Philippine Livestock Development Industry Act , 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 ,