Live Breaking News & Updates on Aying It Is More Efficient Amid Successive Oil Price Increases He

(File photo) MANILA - Reelected Senator Sherwin Gatchalian on Wednesday said he supports additional fuel subsidies for the transport sector, saying it is more efficient amid successive oil price increases. He, however, emphasized that subsidies should be distributed in a timely manner. "I know there a lot of delays in giving out the Pantawid Pasada looking for the drivers, looking for the operators and this is giving a lot of concern to our public utility drivers. Use technologies such as e-wallets to give it to them," he said in an interview with CNN Philippines. Gatchalian said he is in favor of increasing the fuel subsidies from 50 to 100 percent to include the impact of the previous increases amid Russia's war on Ukraine. He said third tranche of fuel subsidy is more economical than removing the excise tax on oil products. "One tranche will cost you for about PHP4 billion to PHP5 billion as to removing the excise tax that will cost us roughly around PHP200 billio ....

Metro Manila , Philippines General , Robert Dan Roces , Pantawid Pasada , World Bank Philippines Economic Update , National Economic , Security Bank Corp , China Banking Corp , Development Authority , Senator Sherwin Gatchalian , World Bank Philippines Economic Update June , China Banking , Chief Economist Domini Velasquez , Central Luzon , Chief Economist Robert Dan Roces , Ile Photo Manila Reelected Senator Sherwin Gatchalian On Wednesday Said He Supports Additional Fuel Subsidies For The Transport Sector , Aying It Is More Efficient Amid Successive Oil Price Increases He , Mphasized That Subsidies Should Be Distributed Ina Timely Manner Quoti Know Therea Lot Of Delays In Giving Out The Pantawid Pasada Looking For Drivers , Ooking For The Operators And This Is Givinga Lot Of Concern To Our Public Utility Drivers Use Technologies Such Ase Wallets Give It Them , Uot He Said In An Interview With Cnn Philippines Gatchalian Is Favor Of Increasing The Fuel Subsidies From 50 To 100 Percent Include Impact Previous Increases Amid Russia 39s War On Ukraine Third Tranche Subsidy More Economical Than Removing Excise Tax Oil Products Quot One Will Cost You For About Php4 Billion Php5 As That Us Roughly Around Php200 So , T 39s More Economical To Give Fuel Subsidies Provided That It Given Immediately , Uot He Said Gatchalian , Ho Is The Current Chairperson Of Senate Committee On Energy , Lans To Conducta Hearing On June 21 Look Ata Prolonged Scenario Of The Oil Crisis Quot What If Will Last In Next Six Months 12 We Have Be Ready Because Make Sure That Enough Budget Give Subsidies And Ultimate Solution Help Our Constituents , Uot He Said If The Situation Gets Prolonged , Atchalian Said He Is Open To Discussing The Plan Suspend Excise Tax Or If Necessary ,