$ 100 Million Fuel Subsidy For Public Transport
Date
5/30/2022 2:14:39 PM
(MENAFN- Newsroom Panama)
A measure to temporarily stabilize the price of fuel in public transport will come into force on June 3.
An Executive decree was s on Friday, May 27 by the president, Laurentino Cortizo, which will last three months and $100 million will be allocated for this purpose.
The measure establishes a fixed price per gallon of $3.95 ($1.04 per liter) for 91 and 95 octane gasoline and low sulfur diesel, for public transportation (collective and selective) as of June 3, The benefit does not include the Metro Bus transportation system.
The State will assume the difference in the cost of fuel with the subsidy.
The relief measure includes the authorization of a fuel voucher for the commercial land fleet and registered rolling agricultural machinery, which will come into force as of June 10.
Vehicles with commercial registration and rolling agricultural machinery registered in the Single Vehicle Registry will receive the accreditation of a monthly digital voucher that can be consumed in fuel.
The Transportation Authority (ATTT) will establish the amount of the fuel voucher for these categories of beneficiaries.
The Executive's statement does not explain how much fuel each driver can buy or the procedure to obtain the benefit of the voucher.
MENAFN30052022000218011062ID1104294245
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.