THE Land Transportation Franchising and Regulatory Board (LTFRB) announced on Thursday that it targets to issue a decision on Grab Philippines’ “surge pricing” mechanism by February. READ:
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“The LTFRB has given Grab Philippines five days to submit data on the number of times they charged a minimum base fare of P85 for short trips,” the agency said in a statement.“There will be no more hearing on this issue. We have already asked them to submit their position paper and that’s when we will come up with a decision,” LTFRB Chairman Teofilo E. Guadiz III said during the hearing on the “surge price” issue on fares.
“The minimum fare for… Sedan-type TNVS will be P45, while AUV/SUV-type TNVS will be at P55. For hatchback-type TNVS, flagdown rate will be P35. There will be no increase in the succeeding kilometers,” the LTFRB said in a statement in September last year. “What we would like to establish is what time can they impose an increase and in what areas they can make the increase,” he added.
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