LTFRB resumes Pantawid Pasada fuel cards’ distribution

MANILA The Land Transportation Franchising and Regulatory Board (LTFRB) will resume the distribution of Pantawid Pasada fuel cards to jeepney drivers and operators starting Tuesday, August 7.

In a statement Monday, the Board said the distribution will resume on Tuesday, August 7 until Saturday, August 11 at the central office of the Land Transportation Office in Quezon City.

The distribution will be done regularly thereafter, according to the LTFRB, calling on legitimate franchise holders to avail of the fuel cards.

Drivers and operators should bring any valid government-issued ID and its photocopy, and a 1 x 1 ID photo in claiming their fuel cards.

The LTFRB suspended the distribution of the fuel subsidy cards due to technical issues encountered by Landbank of the Philippines.

The government's Pantawid Pasada is a fuel subsidy program for jeepney operators and drivers that seek to mitigate the impact of the recent oil price hikes and higher excise taxes due to the Tax Reform for Acceleration and Inclusion (TRAIN) law.

The government targets to distribute around 10,000 cards for the initial implementation of the program, which started last July 17.

A lump sum subsidy of PHP5,000 will be provided to 179,852 legitimate PUJ franchise holders.

A PHP977 million budget will be allocated to the fuel subsidy program for the succeeding months of 2018. (PNA)

Source: Philippine News Agency