00:00The drivers were pleased with the fuel subsidy provided by the Land Transportation Franchising and Regulatory Board.
00:07It is also in line with the continued increase in the price of oil products in VELCRO STUDIO LIVE.
00:13VELCRO?
00:17Rise and shine, Noel.
00:18The fuel subsidy provided by the Land Transportation Franchising and Regulatory Board continues to be a great help for the drivers,
00:26especially now that the price of oil is increasing.
00:31This week, the price of diesel increased by almost Php 3.
00:34On the other hand, this is not a big problem for the jeepney driver, Angelico,
00:39because of the subsidy he receives from the LTFRB.
00:43It is a big help because we don't have to add fuel anymore.
00:50I think that's enough for the next two weeks.
00:53The tricycle driver also doesn't feel that the price of oil is increasing because of the long-awaited subsidy.
01:00Yes, it's a big help for us.
01:02Sometimes, the price of diesel is increasing.
01:07Under the Pantawid-Pasada Program of Republic Act No. 11975 or the General Appropriations Act,
01:15the government is providing a subsidy to the operators and drivers for the ongoing Pantawid-Pasada Program despite the increasing price of oil.
01:23The government allocated Php 2.5 billion for the public utility vehicle drivers, tricycle drivers, and delivery service drivers this year.
01:33The modernized public utility vehicles will receive Php 10,000 fuel subsidy,
01:39Php 6,000 for the traditional PUV,
01:42Php 1,000 for the tricycle,
01:45and Php 1,200 for the delivery service drivers.
01:49For the traffic update here in Visayas Avenue,
01:53the traffic flow to Tandangsora Avenue is still wide while the traffic is out of the elliptical road.
02:00Back to you, Noel.
02:02Thank you very much, Velco Studio.
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