WebClick Tracer

November 28, 2023

Landbank awaits LTFRB approval to resume fuel subsidies amid election-related spending ban

The state-run Land Bank of the Philippines (Landbank) has announced its readiness to resume distributing a P6,500 fuel subsidy to beneficiaries as soon as it receives the green light from the government, which has enforced an election-related spending ban.

Landbank has assured swift distribution once the prohibition, in accordance with the election spending ban, is lifted.

The Land Transportation Franchising and Regulatory Board (LTFRB) is currently seeking an exemption from the Commission on Elections (Comelec) to continue the Fuel Subsidy Program (FSP) distribution.

This move comes after Landbank faced criticism from transport groups for its alleged non-compliance with Comelec rules, which did not include fuel subsidies in the spending ban.

However, Landbank has noted that the final decision rests with the LTFRB, and they can only await their decision as negotiations continue with Comelec for the distribution of the P6,500 fuel subsidy