Besides fuel subsidies, some drivers of contracted public utility vehicles would also receive incentives corresponding to their number of trips despite costly oil. | bendeveraINQ /PDI
“This will be implemented through two types of contract — net cost contracting and gross cost contracting — to ensure fair compensation of services to be provided by PUV drivers,” the DBM added.
The DBM said the LTFRB will partner with some priority local government units to better distribute these subsidies across public transport associations, cooperatives or corporations in their localities. “The service contracting program forms part of the government’s targeted assistance to help cushion the impact of the consecutive oil price hikes to vulnerable sectors,” the DBM said.
The DBM this month released P2.5 billion under the DOTr’s 2022 agency budget to cover the first tranche of fuel subsidy to be distributed to over 377,000 eligible PUV drivers, who will receive P6,500 each. The government plans to release another P2.5 billion in fuel subsidies next month, to be sourced from excess collections of 12-percent value-added tax slapped on expensive oil.
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