President Ferdinand Marcos Jr. has approved a ₱10-per-liter fuel subsidy for public utility vehicles to cushion the impact of rising oil prices driven by the Middle East conflict. The subsidy will be capped at 150 liters per week, equivalent to up to ₱1,500 weekly or ₱18,000 over the three-month implementation period. The program is set to launch soon and aims to help public transport drivers cope with increasing operational costs.
Fuel Subsidy Approved for Public Transport
Philippines President Ferdinand Marcos Jr. approved a ₱10-per-liter subsidy for public transport drivers. The measure aims to offset rising oil prices due to the Middle East conflict. The subsidy is capped at 150 liters weekly and will last for three months.
