ANOTHER batch of fuel subsidies worth 6,500 pesos will be disbursed to the transport sector in the Davao region starting June 25, 2022.
Beneficiaries are public utility vehicles including 708 utility jeepneys, 860 utility buses and 628 UV express vans. Also included are 5,196 taxi units and 149 tourist transport vehicles.
According to the Davao Region Land Transportation Franchising and Regulatory Board (LTFRB-Davao), the P6,500 fuel subsidy is paid through Pantawid Pasada (PPC) cards issued by the Land Bank of the Philippines.
The amount is not convertible into cash nor can it be withdrawn from the PPC. The card can only be used to pay for fuel refills at select participating gas stations in the area.
This fuel subsidy package is still part of the Department of Transportation (DOTr) and LTFRB General Fuel Subsidy Appropriations Act of 2022, which is intended to provide financial relief to drivers and operators in the context of rise in oil prices.
It may be recalled that previous installments of the Pantawid Pasada fuel subsidy program provided a subsidy of P7,200 during the first months of the first quarter of 2022 and another subsidy worth P6,500 was released in mid -march.
As of May 25, 2022, at least 11,915 transport units have received their first grant of P6,500.
A roll-out ceremony, during which PPCs were handed over to beneficiaries, was conducted on June 25 under the leadership of LTFRB President, Martin Delgra III, and LTFRB-Davao Regional Director, Nonito Llanos III.
Delgra praised the transport sector, especially operators and drivers for their perseverance in the face of the growing crisis.
“Nakigduyog mo sa kalisod sa inyohang driver and that is the spirit of public service,” he said. MIC
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