A day before her term ends, Vice President Leni Robredo..
The government will be spending P1 billion for the subsidy of public utility vehicle (PUV) drivers as oil prices continue to hike.
The Development Budget Coordination Committee (DBCC) announced on Monday that some 178,000 drivers will receive financial assistance in the remaining months of the year. The aid will be distributed through the Pantawid Pasada Program led by the Land Transportation Franchising and Regulatory Board (LTFRB).
“We, the members of the Development Budget Coordination Committee, are committed to support our transportation sector, amidst the increasing oil prices,” the agency said in a statement.
The aid will be charged against the 2021 Unprogrammed Appropriations under the Support for Infrastructure Projects and Social Programs,” DBCC added.
Amid consecutive oil price hikes, the transportation sector has been calling for aid such as financial assistance for drivers, temporary suspension of excise tax on petroleum products, and a fare hike of up to P3.
Oil companies are set to impose another fuel price hike this week. Beginning Tuesday, gasoline prices will increase by P1.15 per liter and diesel by P0.45 per liter.