State-run Land Bank of the Philippines said Saturday that about 87,500 jeepney drivers nationwide have already received fuel subsidies worth P6,500 each from the government during the first week of distribution of the cash aid amid the series of increase in fuel prices.
In a statement, Landbank said that in close coordination with the Department of Transportation and the Land Transportation Franchising and Regulatory Board , it has credited fuel subsidies totaling P569 million for existing Pantawid Pasada cash cardholders under the Fuel Subsidy Program as of March 17, 2022.
“Landbank is one with the National Government in providing immediate support interventions to PUV drivers to weather the impact of the fuel price surge. We are working closely with the DOTr and LTFRB to complete the distribution of the fuel subsidy to all beneficiaries nationwide at the soonest time possible,” said Landbank president and CEO Cecilia Borromeo.
Beneficiaries without Pantawid Pasada cash cards will be provided cash cards at designated Landbank branches as identified by the LTFRB, the state bank said.
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