With the sudden surge in Grab fares this holiday season, Gatchalian wants to see a logical basis why the ride-hailing firm imposes such fare matrix.
Gatchalian said the LTFRB must make sure rules on surge pricing are being followed.
“The high fare is killing the festive mood of many Filipino commuters. We don’t want to let Grab play the Grinch who stole Christmas from Juan de la Cruz because of high fare,” Gatchalian said.
Based on the fare matrix approved by the LTFRB last Aug. 1, transportation network vehicle services (TNVS) companies shall charge a flag down rate of up to P40 for car sedans, up to P50 for premium Asian utility vehicles/sport utility vehicles (SUV), and up to PHP30 for hatchbacks/sub-compact vehicles.
The LTFRB also allowed additional charges per kilometer for sedans, P18 for SUVs, and P13 for hatchbacks—aside from the usual charge per minute of travel.
The transport regulator also allowed TNVS companies to double their per kilometer and per minute charge through surge pricing.
While Grab has explained that the company is currently “working on a very limited number of drivers to serve an exponentially high demand, the senator said Grab must explain why it has to impose surge pricing even in the wee hours of the morning when the demand is low and there are fewer vehicles on the road.
Read more here
Join us February 26-27 for the Property Portal Watch Conference Bangkok 2020.