LTFRB: P703M in fuel subsidies released to beneficiaries

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LTFRB: P703M in fuel subsidies released to beneficiaries
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Some P703 million worth of fuel subsidies have been released amid the successive hikes in domestic pump prices, the Land Transportation Franchising and Regulatory Board (LTFRB) announced Tuesday.  

Some P703 million worth of fuel subsidies have been released amid the successive hikes in domestic pump prices, the Land Transportation Franchising and Regulatory Board announced Tuesday.

According to LTFRB Executive Director Tina Cassion, the fuel subsidies cover a total of 108,164 beneficiaries who received P6,500 per unit in line with the Pantawid Pasada Program.government has allocated an initial P2.

[We remind operators and drivers that the fuel subsidy they receive under this program can only be used to buy crude.] Under the Pantawid Pasada Program, drivers of public utility vehicles are given financial aid to counter the higher prices of petroleum products which have been

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