DBM releases ₱3-B fuel subsidy for transport workers

Metro Manila (CNN Philippines, September 7) — The Department of Budget and Management (DBM) has already greenlit the release of ₱3 billion in fuel subsidies for more than a million transportation workers affected by surging oil prices.

About 1.36 million public utility vehicle drivers and operators would benefit from the one-time fuel subsidy, the DBM said in a statement on Friday.

The agency said the subsidy would depend on the mode of transportation, as it presented the following:

-Modernized Public Utility Jeepney (MPUJ): P10,000

-Modernized Utility Vehicle Express (MUVE): P10,000

-Traditional PUJ: ₱6,500

-Traditional UVE: ₱6,500

-Public Utility Buses (PUB): ₱6,500

-Minibuses: ₱6,500

-Taxis: ₱6,500

-Shuttle Services Taxis: ₱6,500

-Transport Network Vehicle Services: ₱6,500

-Tourist Transport Services: ₱6,500

-School Transport Services: ₱6,500

-Filcabs: ₱6,500

-Tricycles: ₱1,000

-Delivery Services: ₱1,200

The DBM said the beneficiaries were identified and validated by the Land Transportation Franchising and Regulatory Board (LTFRB), in coordination with the Department of Interior and Local Government, the Department of Information and Communications Technology, and the Department of Trade and Industry.

“The LBP (Landbank of the Philippines) shall distribute the subsidies through the identified modes of payment, upon receipt of instructions from the LTFRB on the procedures, mechanics, and the agreed schedule,” the DBM said.

This week marks the ninth consecutive week that oil companies have implemented upward adjustments to pump prices.

The latest data from the Department of Energy’s price monitoring showed that the year-to-date increase of gasoline has already reached ₱14.80 per liter, diesel by ₱9.50 per liter, and kerosene by ₱6.64 per liter.