LTFRB says second tranche of fuel subsidy set to begin in July

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Taxis line up at a gasoline station along Aurora Boulevard in Quezon City before heading to their respective garages on the night of March 8. LTFRB reported today that it has already given P1.17B worth of fuel fuel subsidy to beneficiaries.

The STAR / Miguel de Guzman

 

MANILA, Philippines — With oil prices continuing to skyrocket, the Land Transportation Franchising and Regulatory Board said that it was aiming for an early July payout for the second payout of fuel subsidies for drivers and operators of public utility vehicles struggling with the rising prices. 

 

This comes days after the LTFRB also approved the provisional P1 peso fare hike petitioned by groups representing jeepney drivers, which means the fare on jeepneys now stands at a minimum of P10.

 

"We're targeting early July. However, it would also depend on how fast [Department of Budget and Management] can download the funds to us," LTFRB executive director Tina Cassion told reporters in a Viber message. 

 

Full Story: https://www.philstar.com/headlines/2022/06/16/2188792/ltfrb-says-second-tranche-fuel-subsidy-set-begin-july

 

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