DOE calls for additional support from oil companies for fuel subsidies – Manila bulletin

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The Department of Energy (DOE) is seeking additional support from oil companies so that they can participate in the “Pantawid Pasada program”, which subsidizes the cost of fuel for the transportation sector.

The DOE initiative comes on top of a billion peso fuel subsidy released by the government to help drivers and operators of public service vehicles amid rising fuel costs.

Energy Secretary Alfonso G. Cusi appealed to oil companies during the signing this week of the Joint Memorandum Circular (JMC) and implementation guidelines for the granting of utility vehicle subsidies. public, primarily jeepney drivers and Filcab franchisees.

“We take this opportunity to call on other players in our liquid fuels industry to join Pantawid Pasada, so that we can strengthen support for the transport sector in these unprecedented times,” said the chief energy officer.

Cusi said some oil companies had so far participated in the Pantawid Pasada program, “although they themselves are victims of the current global health crisis.”

Oil companies typically give discounts to PUJ drivers, either as support for the government Pantawid Pasada program or on their own – and this could provide additional financial relief for drivers, especially when prices are relentless. rising.

PUJ drivers intensified their appeal for state financial aid as they were paralyzed by soaring prices at the domestic fuel pump – which the government had taken into account with the Imprimatur of the Ministry of Finance (DOF), in collaboration with other relevant agencies and partners, such as the DOE, the Department of Budget and Management (DBM), the Land Transportation Franchising and Regulatory Board (LTFRB) and the Landbank of the Philippines.

Under Secretary for Energy Jesus Cristino P. Posadas noted that the distribution of financial subsidies to public transport through the Pantawid Pasada program is “a product of our collective efforts”.

According to the DOE, “the Pantawid Pasada program” will provide fuel subsidies to legitimate utility jeepneys and Filcab franchise holders or operators with LTFRB franchises valid until December 31, 2021.

As stated in the JMC, only eligible beneficiaries will receive a fuel subsidy or “Pantawid Pasada” cards, and they will be able to use them “to pay for their fuel at participating gas stations nationwide”.

The Energy Department explained that “each card would be charged a fixed subsidy amount to be determined at a subsequent issuance.”

The JMC further mandated that “the DOE will be responsible for coordinating with oil companies for the implementation of the program, as well as providing relevant data and information (to) gas stations.”


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