Metro Manila (CNN Philippines, March 11) – The government will begin distributing fuel subsidies to drivers and operators of public utility vehicles (PUV) on March 15, with each beneficiary receiving 6,500 pesos, a transportation official said Friday.
“Starting Tuesday po, we’ll start distribution to beneficiaries na po,” Tina Cassion, executive director of the Land Transportation Franchising and Regulatory Board (LTFRB), told media representatives in a Viber message.
Guidelines for distributing the aid would also be released next week, she said.
The Department for Budget and Management said on Thursday the £2.5 billion has already been released to the Department for Transport (DOTr).
More than 377,000 beneficiaries in the industry will receive the subsidy.
Qualified PUV drivers are those who operate jeepneys, minibuses, UV express, taxis and tricycles.
Drivers of the transport association vehicle services (TNVS) and motorcycle taxis as well as nationwide delivery services are also included in the program.
Meanwhile, Grab Philippines announced it has set up a £25million relief fund for its partner riders.
This fund would be “used in the form of performance-based incentives and other partner support programs,” it said in a statement.
Aside from that, Grab said it will extend its interest-free loan support for fuel purchases through the Grab Finance Shell Fuel Card for its select drivers and delivery partners.
The company said these are designed to help its partners “overcome the adverse impacts of natural disasters and ongoing macroeconomic conditions.”