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Imee to Gov t: Find a longer-term solution to rising crude oil prices – Manila Bulletin

Senator Imee Marcos on Monday, Feb. 21 urged the government to find a longer-term solution to rising crude oil prices that would render fuel subsidies for public utility vehicle (PUV) drivers, farmers, and fisherfolk inadequate. “World events could push up fuel prices beyond what we have seen in th

3-month rule in place on release of fuel subsidy: Palace

(File photo) MANILA - The government has assured that funds have been allotted for the provision of fuel subsidy as soaring oil prices continue to take a toll on public utility vehicle (PUV) drivers. Cabinet Secretary Karlo Nograles, who is also acting presidential spokesperson, said in a Palace briefing on Friday that under the 2022 General Appropriations Act (GAA), the government can give fuel subsidies to PUV drivers amid high oil prices but the law says it should follow a 'three-month' rule. "Under the special provision of a fuel subsidy program, the funds will be released when the average Dubai crude oil price based on Mean of Platts Singapore or MOPS for three months reaches or exceeds USD80 per barrel," Nograles said. He added that the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) have already submitted the initial master list of beneficiaries for the fuel subsidy program, but it is up to the Department

Fuel subsidy program for PUV operators to resume in April: LTFRB

MANILA - Operators of public utility vehicles (PUV) and those providing delivery services are expected to receive another fuel subsidy from the government once the program resumes in April this year. "Handa ang DOTr [Department of Transportation] at LTFRB na ipagpatuloy ang fuel subsidy program na inaasahang sa April 2022 pa muling maipatutupad (The DOTr and LTFRB are ready to continue the fuel subsidy program that is eyed to resume in April 2022)," the LTFRB said in a statement on Friday. While the budget for the program has already been approved under the General Appropriations Act (GAA) of 2022, the LTFRB is still awaiting the release of the funds from the Department of Budget and Management (DBM). "Oras na mailabas ito, ibibigay ang nakalaang pera sa programa sa LBP [Land Bank of the Philippines] para mapabilis ang pagbibigay ng subsidiya sa mga benepisaryo (Once released, the allotted funds will be given to the LBP to accelerate the distribution of the subsidy to be

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