{"id":11427,"date":"2016-12-29T11:55:49","date_gmt":"2016-12-29T03:55:49","guid":{"rendered":"http:\/\/primer.com.ph\/blog\/?p=11427"},"modified":"2016-12-29T17:08:05","modified_gmt":"2016-12-29T09:08:05","slug":"uber-grab-agree-to-a-price-cap-after-ltfrb-warning","status":"publish","type":"post","link":"https:\/\/primer.com.ph\/blog\/2016\/12\/29\/uber-grab-agree-to-a-price-cap-after-ltfrb-warning\/","title":{"rendered":"Uber, Grab agree to a price cap after LTFRB warning"},"content":{"rendered":"

The Land Transport Franchising and Regulatory Board (LTFRB) ordered Uber and Grab to implement a limit to its surge pricing.<\/span><\/p>\n

In response to a 48-hour ultimatum issued by the LTFRB, ride-sharing services Uber and Grab complied with a government directive to address complaints over \u201cprice surges\u201d this holiday season.<\/span><\/p>\n

\"ubergrab\"<\/p>\n

\u00a0Image grabbed from hercampus.com<\/a><\/em><\/p>\n

“The maximum allowable price surge on the fare shall be twice the rates for time covered and distance traveled excluding the base fare,” the order read.<\/span><\/p>\n

It also directed Grab Philippines to “lower its fare per kilometer from \u20b112.00 – \u20b116.00 to \u20b110.00 – \u20b114.00, depending on the type of vehicle used.”<\/span><\/p>\n

LTFRB Chairman Martin Delgra III told The Source on Tuesday that he talked to Grab and Uber separately in at least four occasions over the past five months. \u201cThey have agreed to that policy that they are willing to submit to a level of regulation.”<\/span><\/p>\n

Grab announced that it will already cap its surge rate to twice the regular rate from Dec. 24 to Jan. 30 next year \u201cto ensure that the riding public will get the best service and rates during this season.\u201d<\/span><\/p>\n

Grab Philippines country head Brian Cu also told CNN Philippines’ The Source prior to the hearing that it would also lower the fare per kilometer to reflect the existing traffic situation.<\/span><\/p>\n

Also read: Business Talk with Grab\u2019s Marketing Head Khriz Lim<\/a><\/em><\/p>\n

Meanwhile, there\u2019s no direct response from Uber Philippines but it already agreed to a price cap that will be effective until January next year to allow passengers to avail themselves of \u201cmore affordable\u201d rides.<\/span><\/p>\n

Uber also urges the public to use the Uber app\u2019s \u201cHelp\u201d feature should they have any concerns regarding their trip.<\/span><\/p>\n

The transportation network companies were also instructed to file position papers on the liability and accountability of their companies as well as reasonable determination of fees within ten days.<\/span><\/p>\n

Source: cnnphilippines.com<\/a>, newsforthegigeconomy.com<\/a><\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

In response to a 48-hour ultimatum issued by the LTFRB, ride-sharing services Uber and Grab complied with a government directive to address complaints over \u201cprice surges\u201d this holiday season.<\/p>\n","protected":false},"author":3,"featured_media":11438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,5],"tags":[],"class_list":["post-11427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-news-and-current-events"],"acf":[],"jetpack_featured_media_url":"https:\/\/primer.com.ph\/blog\/wp-content\/uploads\/sites\/14\/2016\/12\/uber-grab-car-20150811-e1545974834913.jpg","_links":{"self":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/11427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/comments?post=11427"}],"version-history":[{"count":4,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/11427\/revisions"}],"predecessor-version":[{"id":11588,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/posts\/11427\/revisions\/11588"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/media\/11438"}],"wp:attachment":[{"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/media?parent=11427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/categories?post=11427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/primer.com.ph\/blog\/wp-json\/wp\/v2\/tags?post=11427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}