Pondo ng fuel subsidy, nai-download na ng Land Bank of the Philippines, ayon sa LTFRB

Transcript

00:00 Almost 300,000 drivers and operators will benefit from the fuel subsidy of the government.

00:06 Karen Villanda has the first.

00:08 The President of Pasang Masda brought more than 50 PASADA cards to the LTO of Nanbaga

00:17 to check if the fuel subsidy has been received.

00:20 According to the LTFRB, the aid has been given today.

00:24 However, the PASADA card is not yet included.

00:27 Well, I'm hoping that within the day, maybe the deposit or the loading of the DVM in the land bank will be done.

00:35 Maybe there will be a little delay.

00:37 Although, as our colleague Jimmy Bautista mentioned, effective today, Wednesday, it's already there.

00:44 So, we will try it again by this afternoon.

00:48 The LTFRB explained that the fuel subsidy has already been downloaded in the land bank

00:53 and it's already in the bank when it will be sent to the PASADA card of the operators.

00:58 If it's not yet received, it's probably because the bank is taking a little time to process everything.

01:06 Because there are about 1.36 million beneficiaries.

01:12 And you should understand, the land bank cannot process it simultaneously.

01:20 It takes time to process everything.

01:23 But what we can assure you is that the money is already in the bank.

01:27 Of the 280,000 PUVs that will benefit from the fuel subsidy,

01:31 50,000 have been added to the list of the LTFRB in the bank.

01:35 And it will be added every day.

01:38 According to the LTFRB, if the price of diesel continues to rise until December,

01:43 it's possible that the operators and drivers will receive aid again in January.

01:47 However, the drivers and operators are advised to wait for a few days for the 6,500 aid

01:54 for the traditional and 10,000 pesos for the modern PUVs because the price of diesel is already high.

02:00 According to the LTFRB, as an addition to the fuel subsidy,

02:04 the Petition Taas Pasahin ng Transport Group, which is 2 pesos and 4 pesos for the jeep,

02:09 will be stopped on September 26.

02:13 But while it's being studied, it's possible that the jeep will receive a 1 peso provisional increase this November.

02:19 What will be the effect of this?

02:22 If we give 1 peso, 2 pesos, or 3 pesos per hike to the economy,

02:29 because all people are getting massages now,

02:33 so what would it do?

02:35 Would it trigger the prices of commodities in the market,

02:39 or in the long run, would it affect the families of the drivers?

02:43 These are the things that we consider.

02:45 As to the timeline, we will do this as fast as we can.

02:50 Karen Villanda, Parasabaya.