DBM releases P3 billion for fuel subsidy, discount programs
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 ...