The Marcos administration’s plan to continue its predecessor’s fuel subsidy program for the public transportation sector will be funded by taxes collected from petroleum products, Finance Secretary Benjamin Diokno said Wednesday.
The Marcos administration’s plan to continue its predecessor’s fuel subsidy program for the public transportation sector will be funded by taxes collected from petroleum products, Finance Secretary Benjamin Diokno said Wednesday.his Cabinet discussed the funding for the continuation of the fuel subsidiesThe President vowed not only to continue the fuel subsidies for the public transport sector but to expand it to include the tricycles.
The fuel subsidy program had served as a stopgap measure instead of a sought-for minimum fare hike increase amid soaring oil prices.
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