PUJ driv­ers, op­er­a­tors to get P20K fuel sub­sidy next year

Sun.Star Cagayan de Oro - - Top Stories -

The govern­ment is set to pro­vide fuel sub­si­dies amount­ing to PHP20,000 to pub­lic util­ity jeep­ney (PUJ) op­er­a­tors and driv­ers to mit­i­gate the im­pact of higher fuel prices due to the im­po­si­tion of ex­cise taxes un­der the Tax Re­form for Ac­cel­er­a­tion and In­clu­sion (TRAIN) law, a trans­porta­tion of­fi­cial said Wed­nes­day.

“As we pre­pare for 2019, the Pantawid Pasada fuel sub­sidy distri­bu­tion will con­tinue. As an­nounced, the sub­sidy will be in the orig­i­nal amount that was pro­posed which is some­thing like PHP 20,000,” Land Trans­porta­tion Fran­chis­ing and Reg­u­la­tory Board (LTFRB) chair­man Martin Del­gra III said in a press brief­ing.

The pro­gram, launched last July, dis­trib­utes fuel sub­sidy cards worth PHP5,000 to around 180,000 PUJ op­er­a­tors and driv­ers this year.

Each card con­tains the com­plete name of the fran­chise holder, plate num­ber of the PUJ, re­gion where the fran­chise was reg­is­tered, and card num­ber. Ben­e­fi­cia­ries must sign a deed of un­der­tak­ing that the sub­sidy cards will only be used for pur­chases of pe­tro­leum prod­ucts at gaso­line sta­tions.

The De­part­ment of Trans­porta­tion (DOTr) ear­lier said the fuel sub- si­dies worth PHP20,000 will be pro­vided next year.

Lat­est data from the DOTr and LTFRB show that a to­tal of 67,721 Pantawid Pasada fuel sub­sidy cards were dis­trib­uted to jeep­ney op­er­a­tors and driv­ers, amount­ing to some PHP338.61 mil­lion.

Pres­i­den­tial Spokesper­son Sal­vador Panelo an­nounced on Tues­day that Pres­i­dent Ro­drigo Duterte has ap­proved the rec­om­men­da­tion of the Devel­op­ment Bud­get Co­or­di­na­tion Com­mit­tee (DBCC) to im­ple­ment higher fuel taxes as pe­tro­leum prices con­tinue to de­cline in the world mar­ket.

Un­der the TRAIN law, the oil ex­cise tax hike may be sus­pended if oil prices in the world mar­ket av­er­age USD80 per bar­rel or higher for three con­sec­u­tive months.

The cur­rent oil price has gone down to USD53 per bar­rel af­ter reach­ing a peak of close to USD80 per bar­rel.


DUTERTE PRE­SIDES OVER CAB­I­NET MEET­ING. Pres­i­dent Ro­drigo R. Duterte pre­sides over the 32nd Cab­i­net Meet­ing at the Mala­cañan Palace on De­cem­ber 4, 2018.

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