Fuel subsidy
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Fuel subsidy not enough to cushion impact of oil price hike — PISTON
As oil prices continue to soar for the 10th consecutive week today, transport group PISTON raises concern over the insufficient fuel subsidy recently approved by the Department of Budget Management (DBM) and the national government’s budget priorities. Around 1.3 million transport workers will share a meager P3 billion one-time fuel subsidy. However, PISTON argued that…
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Meager rollback cannot offset high inflation: cash aid and fuel subsidy for 2M transport workers sought — PISTON
Transport group PISTON said that the P0.50 per liter diesel rollback is futile in the face of soaring inflation. To ease this, the group seeks the immediate suspension of VAT and excise tax on fuel and basic commodities as well as substantial hikes on emergency cash aid such as the Pantawid Pasada fuel subsidy program…
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P1 oil price rollback not enough to brace drivers for soaring inflation — PISTON
Despite the P0.35 – P1.10 / liter rollback this week, fuel prices remain high and damaging for ordinary drivers and consumers, said transport group PISTON. The group also said that without clear economic solutions from the government, the volatile price of oil that remains highly unregulated will only continue to aggravate the already grave economic…