Over P651 million in fuel subsidy released – LTFRB

Title Fueling Progress LTFRB Releases P651M in Fuel Subsidies to Public Transport Operators

The Land Transportation Franchising and Regulatory Board (LTFRB) has taken a proactive approach to mitigate the impact of rising oil prices on public transport operators. In a recent announcement, LTFRB Chairman Vigor Mendoza II revealed that over P651 million in fuel subsidies have been distributed nationwide, with the rollout progressing as planned.

Efficient Rollout

The subsidy program was initiated by President Ferdinand Marcos Jr. to alleviate the pressure of rising oil prices amid tensions in the Middle East. The Department of Transportation allocated P2.4 billion for the program, with the LTFRB tasked to facilitate its efficient rollout. As of March 17, P651,185,000 has been distributed, covering a significant portion of the allocated funds.

Regional Breakdown

The distribution is not uniform across regions. Metro Manila received the largest share at P181.278 million, followed by Calabarzon with P98.215 million and Central Luzon with P73.416 million. The remaining amount is being expedited for distribution in other areas.

Lessons Learned

Mendoza acknowledged minor challenges encountered during the initial distribution in Metro Manila but emphasized that these have been addressed and used to improve subsequent payouts in the provinces. We encountered several minor challenges, especially in Metro Manila, but these became valuable lessons that helped us improve the distribution in other areas, he said. Our goal remains a fast and efficient release of the fuel subsidy.

Comprehensive Support

The LTFRB is not only focused on distributing the fuel subsidies but also exploring additional forms of assistance for the transport sector. Mendoza emphasized, While we continue to distribute these subsidies, our task is not yet done. We assure the public that the government is working together to deliver this assistance as quickly as possible.

Supporting Operators

To further support operators, the LTFRB has urged them to reduce rental fees by at least 50 percent. Additionally, toll discounts for public transport units have been implemented.

Conclusion

The release of P651 million in fuel subsidies marks a significant step forward in supporting public transport operators. The LTFRB's proactive approach ensures that the distribution is progressing smoothly and efficiently. As the transportation sector continues to evolve, it's crucial to provide support to those who are most affected by rising oil prices.

Keywords Fuel Subsidies, Public Transport Operators, Land Transportation Franchising and Regulatory Board (LTFRB), President Ferdinand Marcos Jr., Department of Transportation, Transportation Sector.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

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