Metro Manila (CNN Philippines, January 11) — The Land Transportation Franchising and Regulatory Board (LTFRB) on Wednesday started distributing fuel subsidy worth ₱1,000 each to qualified tricycle drivers in the National Capital Region and Regions I and III.
“In partnership with the Department of the Interior and Local Government and Local Government Units, Land Bank and LTFRB will disburse a total of ₱10.3 million to an initial 10,343 eligible tricycle drivers under the LTFRB’s Fuel Subsidy Program,” the LTFRB said in a statement.
Earlier, the Department of Transportation said it intends to pay out 60% of the total beneficiaries by the end of the year and finish full payment to some 600,000 tricycle drivers by the middle of January 2023.
READ: DILG extends deadline for list of trike drivers eligible for fuel subsidy to April 26
READ: DOTr targets to complete release of fuel subsidy for trike drivers by January 2023
Land Bank President and CEO Cecilia Borromeo said they are “committed to complete the distribution of fuel subsidy to all eligible tricycle beneficiaries in the most immediate time.”
“We are one with our national and local partners in providing immediate support interventions to PUV drivers nationwide,” Borromeo added.
All eligible tricycle drivers under the Fuel Subsidy Program can claim their subsidies via over-the-counter (OTC) transactions at designated Land Bank branches nationwide, the transport agency said.
“To ensure the orderly distribution of the fuel subsidy, the LTFRB, DILG, and concerned LGUs informed the tricycle driver-beneficiaries prior to the payouts of the details of the distribution, such as the schedule of the distribution, the designated Land Bank servicing branch nearest the beneficiary to facilitate the distribution, and the requirements to be presented to claim the fuel subsidy,” LTFRB added.
In July, President Ferdinand Marcos Jr. announced that he plans to expand the coverage of the fuel subsidy program to include tricycle drivers.
