Manila: The government will expand the fuel subsidy program for the transport sector nationwide starting April 6, Malaca±ang announced Monday, as part of efforts to cushion the impact of rising oil prices amid tensions in the Middle East. Palace Press Officer Claire Castro highlighted that the Marcos administration is implementing a whole-of-government approach to ease the burden on commuters, drivers, and other affected sectors.
According to Philippines News Agency, nearly 100,000 tricycle drivers have already received fuel subsidies, following the directive of President Ferdinand R. Marcos Jr. Castro stated that the nationwide rollout for other transportation workers will commence on April 6. Additionally, farmers and fisherfolk are set to receive fuel assistance, with an extra PHP50 million allocated to regional field offices.
The government is also implementing complementary measures, such as free rides under the Love Bus program in Metro Manila, Metro Cebu, and Metro Davao, along with 50 percent fare discounts on LRT-2 and MRT-3. The administration is monitoring prices of basic goods, with the President assuring that commodity prices remain stable and are being sold at suggested retail prices.
Castro emphasized that the government continues to coordinate efforts to keep prices of goods low. Furthermore, the Palace official mentioned that the administration is working to secure additional oil supply from partner countries and boost energy capacity, including maximizing the Malampaya gas field and bringing new power projects online.
The fuel subsidy expansion is part of broader measures to protect livelihoods and ensure economic stability amid global oil market volatility.