Fuel subsidies for public utility jeepneys (PUJs) and UV Express vehicles will increase from P10 to P12 per liter starting August 15, according to Executive Secretary Ralph Recto. The adjustment was approved during a Cabinet meeting at Malacañang Palace. The new rate reflects a partial increase, as the proposed P20-per-liter subsidy was not fully approved.
The decision aims to support transportation operators amid rising fuel costs. UV Express, a popular ride-hailing service in the Philippines, will benefit from the higher discount. Drivers of both PUJs and UV Express vehicles have welcomed the move, though some remain concerned about the gap between the approved rate and the initial proposal.
The change comes as part of ongoing efforts to manage transportation costs for public and private operators. The exact impact on riders and drivers will depend on how the increased subsidy translates into fare adjustments. The government has not yet announced plans to adjust fares in response to the new discount.
(Newsinfo.inquirer.net)
