The LTFRB is waiting for word from the DOTr as regards the P1.6-billion fund for subsidies in the public transportation sector in the wake of recent fuel price increases.
The Land Transportation Franchising and Regulatory Board is waiting for word from the Department of Transportation as regards the P1.6-billion fund for subsidies in the public transportation sector in the wake of recent fuel price increases.According to Mark Salazar's report on "24 Oras," the Department of Energy as early as March certified that the subsidy program should take effect after the proce of crude oil breached $80 per barrel.
“Meron batas that if the price of crude oil breaches 80 dollars per barrel, it will trigger the release of the fuel subsidy. Now, we are waiting for the advice from the DoTr para ibigay sa amin ang pondo para sa fuel subsidy,” said LTFRB Chairperson Teofilo Guadiz III.For his part, Guadiz admitted there are still problems with the distribution of the government subsidy. “Nagkakaroon kami ng problema sa pagbabayad sa mga tricycle because this is being handled by DILG,” he said.
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