Over 10,300 tricycle drivers will receive their fuel subsidies as part of the government’s support amid rising fuel prices.
The Land Bank of the Philippines and the Land Transportation Franchising and Regulatory Board (LTFRB) have started the disbursement of P10.3 million to an initial 10,343 eligible tricycle drivers in the National Capital Region, Region I and Region III.
Each qualified tricycle driver will receive a fuel subsidy worth P1,000.
LandBank president and CEO Cecilia Borromeo said they are committed to complete the distribution of fuel subsidy to all eligible tricycle beneficiaries at the soonest possible time.
“We are one with our national and local partners in providing immediate support interventions to PUV drivers nationwide,” Borromeo said.
Eligible tricycle drivers under the fuel subsidy program can claim their subsidies via over-the-counter transactions at designated LandBank branches nationwide.