LTFRB readies fuel subsidy program for transport sector

The Land Transportation Franchising and Regulatory Board (LTFRB) is preparing all necessary documents for the distribution of fuel subsidies in anticipation of a continued surge in petroleum prices driven by escalating tensions in the Middle East.

- By AARON RECUENCO

LTFRB Chairman Vigor D. Mendoza II said the agency is coordinating with government partners such as Landbank and engaging transport operators to ensure swift distribution of assistance once global oil prices reach $80 per barrel.

“We are already preparing all the documents and coordinating with the transport sector with the goal of fast and smooth distribution of the fuel subsidy once there is a go signal from the national government,” Mendoza stated.