The Land Transportation Franchising and Regulatory Board (LTFRB) is ready to launch about P3-billion gas subsidy within the type of name playing cards earmarked for public utility autos or PUVs subsequent week, in accordance with the report of Joseph Morong on “24 Oras.”
About P10,000 can be given to every fashionable jeepney and UV Express unit, and P6,500 for drivers of conventional jeepneys.
Motorcycle taxis and supply service riders can be given P1,200 that can be distributed by way of e-wallet.
Tricycle drivers will obtain P1,000 every that can be distributed by the native authorities unit the place they’re registered.
In separate advisories, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Pilipinas Shell Petroleum Corp., and Seaoil Philippines Corp. mentioned they are going to improve costs per liter of gasoline by P0.50, diesel by P4.00, and kerosene by P2.75.
Cleanfuel, Petro Gazz, Phoenix Petroleum Philippines Inc., PTT Philippines Corp., and Unioil Petroleum Philippines Inc. will implement the identical modifications, excluding kerosene which they don’t carry.
The modifications will take impact at 6 a.m. on Tuesday, August 8, 2023, for all of the companies, aside from Cleanfuel, which is able to alter costs at 4:01 p.m., and Caltex at 12:01 a.m. the identical day.
Call playing cards for gas
LTFRB Chairman Atty. Teofilo Guadiz III mentioned the playing cards can solely be utilized in totally different gasoline stations in trade for gas.
Pasang Masda President Obet Martin mentioned the playing cards can be utilized to purchase extra gas.
However, some jeepney operators say the subsidy just isn’t sufficient with the value hike in order that they suggest the implementation of a one-peso fare hike.
Fare fee hike
The LTFRB is lukewarm on the proposed fee, saying that solely a 50-centavo fare hike could also be thought of for approval.
Martin replied that if a 50-centavo hike can be authorized, they won’t pursue the proposed one-peso fare hike.
The checklist of beneficiaries, the Department of Trade and Industry (DTI) mentioned, had been already given to the Department of Transportation for distribution through e-wallets.
The LTFRB mentioned, if the price range just isn’t sufficient, they are going to ask for added funds for the gas subsidy from Congress.
The Executive Department, in the meantime, mentioned a further P2.5-billion gas subsidy has been added to the National Expenditure Program or price range it submitted to Congress for 2024.
Rush hour fee
A proposal for a rush hour fee was raised by which a further one peso can be charged from 5 a.m. to eight a.m. and 5 p.m. to eight p.m.
Martin mentioned the fare can be decreased as soon as there’s a lower in oil costs. — BAP, GMA Integrated News
Source: www.gmanetwork.com
