The government announced on Monday that it is preparing to implement a fuel subsidy program in response to a looming oil price increase, potentially reaching up to ₱5 per liter, amid escalating tensions in the Middle East.
President Ferdinand Marcos Jr. has directed the immediate distribution of fuel subsidies once the anticipated price hike takes effect, according to Department of Transportation (DOTr) spokesperson Mon Ilagan.
In an interview, Ilagan confirmed that the subsidy program has received certification from the Department of Energy (DOE), signaling that it is ready for deployment.
Public utility vehicle (PUV) drivers and operators, including those of traditional jeepneys, UV Express vans, buses, and tricycles, as well as delivery riders, are set to benefit from the program. The Land Transportation Franchising and Regulatory Board (LTFRB) is currently drafting the specific guidelines for distribution.
Ilagan added that the list of eligible beneficiaries will be forwarded to regional directors for verification and certification, ensuring that only qualified individuals receive assistance.
The initiative aims to cushion the impact of global oil market volatility on Filipino transport workers, many of whom are vulnerable to sudden fuel cost spikes.
