Government has approved the P1-billion fuel subsidy for public utility vehicle drivers amid rising prices of fuel in recent weeks, the Land Transportation Franchising and Regulatory Board (LTFRB) confirmed on Saturday.
MANILA— Government has approved the P1-billion fuel subsidy for public utility vehicle drivers amid rising prices of fuel in recent weeks, the Land Transportation Franchising and Regulatory Board confirmed on Saturday.
It will be disbursed under LTFRB's Pantawid Pasada Program, which was introduced in 2018 and 2019, according to Delgra. Authorities are also finalizing the list of oil companies and gas stations who will participate in the program. Prices of petroleum have spiked over the last 8 weeks, with another hike set for the last week of October, prompting lawmakers as well as transport groups to seek the suspension of excise taxes on fuel.
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