LTFRB awaiting release of fuel subsidy fund for PUVs

 

MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) on Wednesday said it will release the fuel subsidy for public utility vehicle (PUV) drivers one funds are made available.

“Kung maida-download po agad iyong fund. Ang laging basehan ng department at ng LTFRB ay iyong kapag nasa atin na iyong pondo ay ma-implement po agad iyong ating pamamahagi ng fuel subsidy. So iyong fund lang, ang pag-download lang po – iyon lang po ang ating hinihintay,” said LTFRB Technical Division chief Joel Balano in a Laging Handa briefing.

(Once funding is available, then we can start distributing the fuel subsidy.)

Balano explained that the subsidies will be distributed to around 1.3 million PUV operators and drivers, and will depend on the type of PUV they operate.

Traditional jeepney drivers or operators will receive P6,500, modern jeepney drivers or operators will receive 10,000, tricycle drivers will receive P1,000, while riders will receive P1,200 — all per unit.

“Ang basehan ng department at saka ng LTFRB iyon pong kanilang operational cost at saka iyong fuel consumption,” explained Balano.

(The basis of the department and LTFRB is their operational cost and fuel consumption.)

The subsidy was announced around late July to ease the impact of continuous oil price hikes.

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