Grab to reimpose P2 per minute after LFTRB issues fare structure

September 5, 2018

Grab Philipines is set to reimpose the P2 per minute charge to its passengers after the Land Transportation Franchising and Regulatory Board (LTFRB) issued a circular on fare structure for transport network vehicle service (TNVS).

“Wherefore, premises considered, pursuant to the Board’s power to determine, prescribe and set fares for public land transportation services under EO No. 202 and DO No. 2018-13, the Board hereby authorizes TNVS to charge P2 per minute of travel time from origin to destination as part of its fare structure,” said LTFRB said in a Memorandum Circular No. 2018-019.

The LTRB said the P2 per minute charge, shall apply to all types of TNVS vehicles whether sedan, AUV/6 seater, SUV and sub-compact or hatchback.

"The electronic receipt issued by the TNCs shall be unbundled to reflect the breakdown of of the fare .. eg. flag down rate, per km rate, travel time rate and surge price,” it added.

Brian Cu, Grab Philippines country head
 said its partners have suffered through low earnings for the last four months.

"This has forced a number of them to stop driving which in turn gravely affected the supply situation. Thus, the lifting of the suspension of the P2 per minute fare component will make our TNVS partners see a path towards more sustainable income and will help end the wait for passengers who deserve a ride when and where it is needed,” he added. 
 DMS