LTFRB Chair Martin Delgra, in a previous interview, said once the distribution closes, they will not be able to claim the 2018 fuel assistance anymore as well as the 2019 fuel subsidy
The National Confederation of Transport Union (NCTU), which has around 5,000 members in northern Mindanao, raised their concern over the delay in the distribution of the fuel subsidy
cards in a meeting with LTFRB officials on Tuesday.
Over the last decade, Nigeria has spent over N9 trillion on fuel subsidy
, about N15.5 trillion on capital expenditure, N2.1 trillion on health and about N3.9 trillion on education.
Under the program, fuel subsidy
cards are distributed to around 180,000 jeepney operators and drivers in the country.
The senator aired the appeal on learning from the Department of Finance about the 'low turnout' in the distribution of government-issued fuel subsidy
cards to qualified franchise holders of public utility jeepneys (PUJs).
The Council of Ministers had issued a decision to expand the base of eligible categories in the National Fuel Subsidy
System to include all citizens whose total monthly income is up to a maximum of RO950.
"Because of the government's widening fiscal deficit, ONGC and OIL could be asked to bear part of the Indian government's fuel subsidy
for oil, if prices stay above USD 60 per barrel for the fiscal year ending March 2019," Moody's Senior Vice President Vikas Halan said.
More than 50,000 citizens have already received fuel subsidy
cards, available at petrol stations nationwide.
They said this became noticed almost three months after the fuel subsidy
was totally removed by the central government.
reform will help Qatar reduce its budget deficit by allowing spending to decrease, according to BMI Research, a Fitch Group company.
PUBLIC SECTOR oil giant ONGC on Thursday reported a 12 per cent jump in net profit at Rs 4,4146 crore in the January- March quarter as it reversed part of impairment losses and was reimbursed a portion of the fuel subsidy
bill that it has been shouldering for the government.
The decision to lift fuel subsidy
is a step in the right direction, because fuel subsidy
will exacerbate financial imbalance and encourage excess consumption.