Jeepney drivers claimed their Pantawid Pasada cash cards loaded with P6,500 fuel subsidy at Land Bank of the Philippines Cubao Branch in Quezon City on March 18 as part of the government’s support intervention to PUV drivers amid the rising fuel prices.
The driver-beneficiaries can use the cash cards to purchase fuel at participating fuel stations nationwide. About 87,500 jeepney drivers nationwide received fuel subsidy worth P6,500 each.
The bank, in close coordination with the Department of Transportation and the Land Transportation Franchising and Regulatory Board, credited fuel subsidies totaling P569 million for ePantawid Pasada cash cardholders under the Fuel Subsidy Program.
More than 377,000 PUV driver-beneficiaries are eligible to receive the subsidy under the program.
“LandBank is one with the national government in providing immediate support interventions to PUV drivers to weather the impact of the fuel price surge. We are working closely with the DOTr and LTFRB to complete the distribution of the fuel subsidy to all beneficiaries nationwide at the soonest time possible,” said LandBank president and chief executive Cecilia Borromeo.