LTFRB eyeing to expand, increase fuel subsidies for PUVs
The Philippine Land Transportation Franchising and Regulatory Board is considering increasing and expanding fuel subsidies for public utility vehicles. This move comes in response to rising oil prices and ongoing pressure from transport groups demanding fare adjustments.
Why it matters
Fuel subsidies are a critical economic lever for managing inflation and public transport stability in developing economies facing global oil price volatility.
MANILA, Philippines - The Land Transportation Franchising and Regulatory Board (LTFRB) on Saturday said it plans to expand and increase fuel discounts for the public utility vehicle (PUV) sector amid a series of new oil price hikes.
According to the LTFRB, Transport Secretary Giovanni Lopez instructed the agency to hold discussions on the proposed initiatives, aside from reviewing fare increase petitions and calls from transport groups.
READ: P10/liter fuel discount expanded to over 900 stations - DOE
Last April, President Ferdinand Marcos Jr. ordered a P10-per-liter fuel subsidy for PUVs amid the tension in the Middle East which significantly affected oil prices. The LTFRB noted that more than 87,000 PUVs already benefited from the program with more than 143,000 PUVs listed in its system.
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