Marcos wants simplified provision of fuel subsidies to PUV drivers | Inquirer News
To shorten trigger period

Marcos wants simplified provision of fuel subsidies to PUV drivers

By: - Reporter / @NCorralesINQ
/ 05:33 AM October 25, 2023

Traditional and modern jeepneys on the road.

Traditional and modern jeepneys on the road. (File photo by LYN RILLON / Philippine Daily Inquirer)

MANILA, Philippines — President Ferdinand Marcos Jr. wants to shorten the “trigger period” for the provision of fuel subsidies to public utility vehicle (PUV) drivers, according to Energy Secretary Raphael Lotilla.

“The president gave instructions on changing the language of the 2024 GAA (General Appropriations Act) provision on fuel subsidies for the transport sector in order to shorten the trigger period from three months to one month and simplify requirements,” Lotilla said at a Palace briefing.


Under the current policy, the government may release fuel subsidies to the transport sector if Dubai crude has reached $80 or P4,546.48 per barrel for three months.


“Well, it will shorten the period within which the subsidy can be released to our drivers. Because before, it would take three months, and the difference is quite obvious in terms of being able to help the transport sector,” Lotilla said.

He added the amendment was still possible because Congress has yet to pass the 2024 General Appropriations Bill.

If approved by Congress, the new policy would take effect in 2024, Lotilla said.

READ: Rising fuel prices forecast to ease off by the last quarter of 2023

READ: DOE sees mixed movements of fuel prices

In September this year, the Department of Budget and Management approved the release of P3 billion in fuel subsidies for PUV drivers, including tricycle drivers.


Lotilla explained that the fuel subsidy “took some time” to be released this year because the Department of Transportation (DOTr) had to consolidate the list from various government agencies.

Under the new process, he said the DOTr would be responsible for the list from the Land Transportation Franchising and Regulatory Board, while the Department of the Interior and Local Government would manage the list from local governments and the Department of Trade and Industry would “take care of the rest.”

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Ferdinand Marcos Jr., fuel subsidy, public utility vehicles, PUV drivers, Raphael Lotilla

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.