April 13, 2018

Grab complies to 1.5x surge cap

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  • Grab complies to 1.5x surge cap
  • Land Transportation Franchising and Regulatory Board (LTFRB) ordered the transport network company (TNC) Grab to lower its surge cap to 1.5x from 2x until there is new competition. This follows Grab’s recent acquisition of the Southeast Asian operations of Uber making the former the only TNC operating in the Philippines.

    According to a report by Manila Times, “This is to ensure that the fares will be at a rate that is conducive and acceptable to the number of transport network vehicles transferring to Grab,” Aileen Lizada, LTFRB Board Member explained on Wednesday. Grab has since complied with the order.

    A fare surge is imposed when there are more riders requesting for rides than the available drivers.

    Grab has also submitted a petition for a fare hike asking for an increase in the per kilometer charges from Php 10 to Php 14 to a range of Php 11 to Php 15 on top of the Php 40 base fare. Additionally, an increase in per minute charge to Php 2.10 from the current Php 2. LTFRB has yet to approve.


    Source: http://malaya.com.ph and http://www.manilatimes.net

               
               
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