LTFRB prepares for distribution of 2nd tranche of fuel subsidy – Manila Bulletin

The Land Transportation Franchising and Regulatory Board (LTFRB) is now preparing for the distribution of the next stage of the government’s gasoline subsidy to the transportation sector following most of the beneficiaries gained the fund allocation for the first tranche.

Dependent on the LTFRB facts as of June 14, only 31,992 of the full 264,578 beneficiaries are but to acquire the P6,500 gasoline subsidy to motorists and operators of public utility vehicles through the Land Lender of the Philippines (LBP).

For the fuel subsidy allotted for delivery riders under the Department of Trade and Sector, LTFRB Govt Director Tina Cassion reported a overall of 22,517 of the listed 27,777 beneficiaries have currently received the funds.

She reported the remaining 5,260 beneficiaries were not able to receive the subsidy as the fund was returned to the DTI thanks to the invalid information presented for the cell wallet apps like Gcash and Paymaya.

But Cassion reported they be expecting the distribution of the to start with tranche for PUV derivers and shipping and delivery riders to complete by June 17.

“The LTFRB is at this time preparing all documentary specifications for the release of the 2nd tranche. The LTFRB assures system of availment of the subsidy will be significantly quicker for the second tranche as all the playing cards have already been made by LBP from the prior phases (for PUJ) and from tranche 1 (for other modes), ”said Cassion.

“We’re focusing on early July. Nevertheless, it would also count on how rapid DBM (Section of Funds and Administration) can download the funds to us, ”she included.

The countrywide governing administration has earlier allotted P2.5 billion for gasoline subsidy to assistance the transport sector amid the sequence of major-time all cost hikes.

But the distribution appears to be acquiring troubles for the tricycle drivers since the processing of payrolls for the 617,806 beneficiaries.

The government allotted P625 million for tricycle drivers exactly where every single of them will receive P1,000.

Since tricycles are not controlled by the LTFRB, the neighborhood authorities units (LGUs) were in demand of processing the files for distribution.