00:00Meanwhile, the Land Transportation, Franchising, and Regulatory Board, or LTFRB, is finalizing the details for the distribution of fuel subsidy for public utility vehicles.
00:09According to LTFRB spokesperson, Attorney Ariel Inton, the agency is considering the distribution mechanism, the amount of the fuel subsidy, and the beneficiaries.
00:18Attorney Inton explained that the implementation of the fuel subsidy will depend on the movement of oil prices in the global market.
00:24When the oil price reaches $80 per barrel, there is a possibility to implement the fuel subsidy.
00:31Under the 2025 national budget, more than 2.5 billion pesos is allocated for the government's fuel subsidy program.
