Fuel subsidy given to 35,000 of 136,000 cardholders so far –LTFRB │ GMA News Online

The Land Transportation Franchising and Regulatory Board said Wednesday that about 35,000 of the original 136,000 cardholders have received their P6,500 fuel subsidy, so far.

Asked about GMA News’ Unang Balita, LTFRB executive director Maria Kristina Cassion said she expects the Land Bank of the Philippines to complete distribution by Friday.

“Balita po natin, nasa 35,000 po kahapon yung na-credit. So I got dodoble every day with Land Bank mother-of-pearl credit,” she said.

(We were told about 35,000 cardholders were credited yesterday. We expect accounts credited daily by Land Bank to double.)

Cassion said the Land Bank on Tuesday began transferring a fuel subsidy of 6,500 pesos to drivers and operators of public utility vehicles, which are affected by the series of fuel price hikes.

She advised beneficiaries who have not yet received the amount to check their accounts until Friday, when the Land Bank is expected to complete the distribution.

Asked about other beneficiaries like bus, tricycle and delivery drivers and operators, Cassion said it was still being distributed as they are part of the expanded fuel subsidy scheme.

There is an ongoing payroll for buses, according to Cassion. She also advised bus companies to provide their account numbers to their respective LTFRB regional offices.

For taxis and transport network vehicle services, LTFRB regional offices will issue guidelines on which Land Bank branches they should go to process their fuel subsidy cards. —LBG, GMA News

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