Gov't to spend P1-B in cash aid for PUV drivers amid high oil pricesThis photo taken on May 11, 2020 shows a driver installing seat dividers in his passenger jeepney to comply with government-imposed social distancing rules against the COVID-19 coronavirus in Manila. MANILA, Philippines — The government will spend P1 billion to provide fuel subsidy to Public Utility Vehicles (PUV) drivers reeling from rallying oil prices that, if left unchecked, could stoke inflation and hurt a fragile economic recovery. The move came at a time transport groups are proposing fare hikes to help them weather the impact of stubbornly high oil prices. Last week, prices of gasoline went up by P1.80 per liter while diesel and kerosene got more expensive by P1.50/liter and P1.30/liter, respectively, as soaring demand and tight supply continue to push up global oil prices. But the Department of Transportation rejected the appeal, saying a fare hike at this time could hurt commuters.

Source: Philippine Star October 25, 2021 20:08 UTC