Aquino considers expansion of fuel subsidy for farmers, fishermen

April 4, 2011 10:32 pm 

MANILA, April 4 — President Benigno S. Aquino III is studying the possible expansion of the coverage of the fuel subsidy to include other vulnerable sectors such as farmers and fishermen who also use fuel for their livelihood.

“There have been proposals (to expand the coverage of fuel subsidy). We will look into it,” the President said in an interview after he administered the oath of office of newly-appointed officials on Monday at the Rizal Hall of Malacanang.

The President said that thorough study has to be done on farm implements and fishing boats to avoid double registration.

On Thursday last week, the President approved a P500-million fuel subsidy to public utility jeepneys and tricycles to cushion the impact of the series of fuel price increases that reduced the daily income of drivers.

The President said the subsidies will be in lieu of fare increases.

The subsidy will not cover buses because the Land Transportation and Franchising Regulatory Board granted them a provisional P1-fare increase starting March 29.

The President said the government will distribute “Smart cards” that will entitle holders of PUJ and tricycle franchises to fuel discounts.

He said the measure will be reviewed after one month. The government may add, remove or decrease the amount of subsidy depending on the price of crude oil in the world market. (PNA)

DCT/VCS/PCOO/ssc

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