Pagpapabilis at pagluluwag ng mga kondisyon para sa fuel subsidy, iniutos ni PBBM | UB - video Dailymotion

GMA Integrated News

Unang Balita is the news segment of GMA Network's daily morning program, Unang Hirit. It's anchored by Arnold Clavio, Susan Enriquez, Ivan Mayrina, and Mariz Umali, and airs on GMA-7 Mondays to Fridays at 5:30 AM (PHL Time). For more videos from Unang Balita, visit http://www.gmanetwork.com/unangbalita.  #GMAIntegratedNews #KapusoStream  Breaking news and stories from the Philippines and abroad: GMA Integrated News Portal: http://www.gmanews.tv Facebook: http://www.facebook.com/gmanews TikTok: https://www.tiktok.com/@gmanews Twitter: http://www.twitter.com/gmanews Instagram: http://www.instagram.com/gmanews  GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe

Transcript

00:00 Following the new oil price hike, President Marcos ordered to speed up and expand the requirements for the fuel subsidy.

00:07 Here is the first news with Ivan Mayrina.

00:11 The price of oil products that are being exported to motorists has increased.

00:20 It is a reduction in the income for the transportation sector.

00:23 Even if the LTFRB approved the additional fee for the passenger.

00:29 In November, the board will discuss the 5 pesos fare hike.

00:34 To give a little relief, the President ordered to speed up and expand the conditions for the fuel subsidy.

00:41 The President gave instructions on changing the language of the 2024 GAA provision

00:49 on fuel subsidies for the transport sector in order to shorten the trigger period from 3 months to 1 month

00:59 and simplify the lease requirements.

01:02 So with this simplification or shortening of the period, we will be able to release the subsidies in a shorter period of time.

01:17 No driver can reach the oil tanker. Maybe only the operator can.

01:21 If they will really give it, they should give it so we can use it.

01:28 The 2024 budget, which is currently in the Congress, includes 2.5 billion pesos for the fuel subsidy.

01:35 Aside from the PUVs, tricycles and service delivery riders will benefit from this.

01:40 We would also be subsidizing the richer segments of the population because their consumption of oil products is much higher

01:50 than those which are consumed by those in the lower brackets.

01:54 So the better approach is to have well-targeted subsidies.

02:01 According to the DOE, the situation in the oil supply is improving, so the price increase is not expected until next year.

02:09 There should be no new problems like the one between Russia and Ukraine or the one between Israel and Gaza.

02:16 The voluntary increase of ethanol in gasoline to 20 percent is expected to be approved before the end of the year.

02:23 The price of gasoline will be reduced to 150 pesos per liter.

02:28 The President is also working on electrification or the use of more electric vehicles for public transportation.

02:35 The cost per kilometer of e-vehicles is high compared to diesel and gasoline.

02:41 This is the first news. Ivan Merina for GMA Integrated News.

02:47 For the latest news, visit and subscribe to GMA Integrated News on YouTube.

02:52 For "Kapuso Abroad," join us on GMA Pinoy TV and www.gmainews.tv.

02:58 [ ♪♪ ]

03:01 [ ♪♪ ]

03:04 [ ♪♪ ]

03:07 [MUSIC PLAYING]

Pagpapabilis at pagluluwag ng mga kondisyon para sa fuel subsidy, iniutos ni PBBM | UB

Category

Transcript

Recommended