The Land Transportation Franchising and Regulatory Board (LTFRB) is accelerating the rollout of a fuel subsidy program for public utility vehicle (PUV) drivers and operators, responding to rising fuel costs linked to tensions in the Middle East. The program aims to provide P5,000 in cash assistance to eligible beneficiaries.
Streamlining Distribution with E-Wallets
LTFRB Chairman Vigor D. Mendoza II stated the agency is prioritizing efficient distribution, inviting Electronic Money Issuers (EMIs) such as GCash and PayMaya to act as payment providers. Regional directors have been instructed to gather and update e-wallet data from program beneficiaries. Mendoza emphasized that e-wallet distribution is considered the fastest and most convenient method, avoiding long queues.
Although, the LTFRB recognizes that not all beneficiaries have access to or are comfortable using e-wallets. Alternative distribution venues will be established in coordination with local government units (LGUs) and the Department of Social Welfare and Development (DSWD) for those individuals.
Coordination and Preparatory Activities
The LTFRB is actively coordinating with relevant government offices to ensure a smooth and rapid distribution of funds once they grow available. Mendoza indicated that this preparatory work is in line with directives from the President and Secretary Banoy.
The fuel subsidy program is intended to mitigate the financial impact of increasing petroleum prices on public transport operators and drivers nationwide.
Frequently Asked Questions
What is the amount of the fuel subsidy?
The fuel subsidy provides P5,000 in cash assistance to eligible drivers and operators of public utility vehicles.
Who is eligible for the fuel subsidy?
The program is intended for qualified public transport operators and drivers nationwide.
What options are available for receiving the subsidy?
Beneficiaries can receive the subsidy through e-wallets like GCash and PayMaya, or at scheduled distribution venues coordinated by LGUs and the DSWD.
As the LTFRB continues to coordinate with local governments and the DSWD, will the distribution process remain adaptable to the specific needs of different communities?
