MANILA - Ride-hailing service Grab on Friday filed a petition for a fare increase at the Land Transportation Franchising and Regulatory Board (LTFRB) to cushion the effect of petroleum and vehicle tax hikes.
Based on the petition paper, Grab will retain its P40 base fare but sought to increase its rate per kilometer to P11 to P15 from the current P10 to P14, and per-minute rate to P2.10 from the current P2.
Earlier, Grab announced that it would seek a 6 to 10 percent fare increase to cover the effect of excise taxes on fuel and cars, which took effect last Jan. 1 under the recently signed tax reform law.
Meanwhile, Grab rival Uber on Thursday told ABS-CBN News it had "no plans" to seek a fare increase "at this time."
"We will monitor impact on driver earnings," said Catherine Avelino, Uber head of communications in Manila. -- Reports from Jacque Manabat and Trishia Billones, ABS-CBN News