Transport leaders on Sunday called on the government to release the P6,000 fuel subsidy to all public utility vehicle drives and operators as promised to mitigate the impact of the rising fuel costs as the Land Transportation Franchising and Regulatory---
and operators as promised to mitigate the impact of the rising fuel costs as the Land Transportation Franchising and Regulatory Board urged the Department of Budget and Management to release the P3 billion earmarked for this program.
He said he has already raised the concerns of the many operators before the LTFRB and the Department of Transportation.Transport Secretary Jamie Bautista said the LTFRB would request the DBM to release the funds needed for the fuel subsidy. Of the total beneficiaries, PUVs, including ride hailing services stood at 280,000 and will get between P6,500 and P10,000 per beneficiary or a total of P1.84 billion.
The Department of Energy said over the weekend gasoline prices may increase more than P4 per liter due to the movement of prices in the world oil market last week.
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