On the release of P1-Billion to LTFRB as fuel subsidies to aid the transportation sector

Wazzup Pilipinas!?

The Department of Transportation (DOTr) welcomes the release of P1.0 billion to the Land Transportation Franchising and Regulatory Board (LFRB) as fuel subsidies in support of the transportation sector amid the increasing prices of fuel and oil products.

We assure the Development Budget Coordination Committee (DBCC) that the released amount pursuant to Section 82 of the TRAIN Law, will be distributed as cash grants to qualified and bonafide Public Utility Vehicles (PUV) drivers for the remaining months of this year.

Qualified PUV drivers will receive the cash grants using the system already established under the Pantawid Pasada Program of the LTFRB, where the Landbank of the Philippines shall disburse money straight to the cash cards issued to drivers.

The release of the fuel subsidies is also timely, as the DOTr, on Thursday, will also be defending its proposal before the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) to approve a significant increase in the passenger capacity of public transportation as the National Capital Region and other parts of the country are placed under more relaxed quarantine levels.

The DOTr is one with the other government agencies to find means and measures that will help sustain the livelihood of affected drivers and operators in the transport sector especially during this time of the pandemic.