Philippines to hand out money to heal public drivers after oil prices

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Reuters reported on October 25 that the government of the Philippines announced it would approve a budget of around 1 billion pesos (about $653 million) to hand out cash to help some 178,000 public drivers across the country, who have to bear the extra costs. due to continuously rising oil prices This is the only measure approved to help consumers from the Philippine government's rising oil prices.
In addition, people have called for a temporary freeze on excise taxes on petroleum products. Energy Minister Alfonso Cuzi said he had submitted a request for the authority to temporarily suspend the collection of excise taxes.
However, the Ministry of Finance has few objections. As officials worry that it might affect the government's budget for recovering the impact of COVID-19.
Last week, Mr Kuzi met with representatives of oil companies to discuss the availability of oil and inquire about the possibility of a discount to oil users.