To strengthen support for public utility vehicle (PUV) drivers facing rising fuel prices, the Land Bank of the Philippines (LANDBANK) and the Land Transportation Franchises and Regulatory Board (LTFRB) each announced a P1,000 equivalent of fuel subsidies to eligible persons. January 10, 2023, National Capital Region (NCR) and Regions I and III tricycle drivers.
LANDBANK and LTFRB have partnered with the Department of Interior and Local Governments (DILGs) and Local Government Units (LGUs) to pay out a total of P10.3 million to the first 10,343 eligible tricycle drivers under LTFRB’s fuel subsidy program. increase.
“LANDBANK is committed to completing the distribution of fuel subsidies to all eligible tricycle beneficiaries as soon as possible,” said Cecilia C. Borromeo, President and CEO of LANDBANK. increase. All tricycle drivers identified by DILG and LTFRB who are eligible for the fuel subsidy program can claim the subsidy through over-the-counter (OTC) transactions at designated LANDBANK branches nationwide.
His LGU representatives concerned will be present during the scheduled fuel grant distribution to verify beneficiary eligibility.
To ensure an orderly distribution of fuel subsidies, the LTFRB, DILG, and affected local governments should provide distribution details, such as the timing of the distribution, to tricycle beneficiaries near them before distributing them. has notified his designated LANDBANK service point. Facilitation of submission and distribution of documents required for fuel subsidy applications.
A full list of LANDBANK branches and other reminders were also posted on LANDBANK’s official social media channels, including Facebook @landbankofficial, Twitter @LBP_Official and the LANDBANK Viber community.
LANDBANK is the central government’s primary sales arm for financial interventions as part of its commitment to serve the country, working with various government agencies.
