27 bus operators receive P10,000 fuel aid per unit

At least 27 bus operators received P10,000 in fuel aid per unit yesterday at the Parañaque Integrated Terminal Exchange, led by President Marcos to counter soaring oil prices. This forms part of the Department of Transportation's P2.5 billion program for public utility vehicles.

President Ferdinand Marcos Jr. led the distribution of fuel subsidies yesterday at the Parañaque Integrated Terminal Exchange, where at least 27 bus operators each received P10,000 per unit to offset rising oil prices. The Department of Transportation (DOTr) has rolled out about P2.5 billion in aid for public utility vehicles (PUVs), set to benefit over 245,000 operators and drivers of more than 1.18 million units. Aid amounts vary by transport sector and are delivered via checks, fuel cards, cash, or direct bank and e-wallet transfers, with the government covering transaction fees to ensure full delivery. In parallel, at the San Dionisio Sports Complex in Parañaque, DSWD Secretary Rex Gatchalian oversaw the handover of P5,000 cash aid to transport network vehicle services under the Assistance to Individuals in Crisis Situations program. The DSWD expects over 216,000 PUV drivers in Metro Manila to receive this, with expansion after Holy Week targeting about 587,000 tricycle drivers nationwide. Sen. Raffy Tulfo met on Monday with the Department of Energy, DOTr, and DSWD to address challenges from fuel price hikes, noting consumer complaints over rapid increases by oil firms on old stock, potentially abusing the Philippine Oil Deregulation Law.

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The Department of Transportation is preparing P3.5 billion in subsidies for free rides and fuel costs of public utility vehicles to counter rising oil prices due to Middle East tensions. This forms part of a two-pronged approach to ease the impact on commuters. The program is expected to launch soon after certification from the Department of Energy.

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Eight bus operators at the Parañaque Integrated Terminal Exchange (PITX) face investigation for overcharging amid President Marcos’ order to suspend fare hikes. The Land Transportation Franchising and Regulatory Board (LTFRB) will issue show-cause orders to the firms. Non-compliance could lead to penalties.

The US-Iran conflict has driven up oil prices in the Philippines, prompting calls to suspend excise taxes and regulate prices. Economists warn of drawbacks, including lost revenue and unequal benefits. Targeted aid for the vulnerable is seen as more effective.

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More tollway operators will provide discounts to public utility vehicles (PUVs), including traditional and modern jeepneys, buses, and freight vehicles, starting March 23, according to the Department of Transportation. Affected expressways include CAVITEX, R1 Expressway Extension, Muntinlupa-Cavite Expressway, and SCTEX.

 

 

 

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