MANILA - Transport regulators on Thursday proposed a fare structure set by government for ride-sharing services like Uber and Grab.
The two app-based transport network companies or TNCs have petitioned the Land Transportation Franchising and Regulatory Board for a fare increase due to higher fuel taxes that took effect last Jan. 1.
"Since halos parehas na na ang rate ninyo sa job let us combine your hearing, and let the government now make the fare structure for the TNCs," LTFRB member Aileen Lizada told DZMM.
(Since your rates are nearly the same, let us combine your (fare) hearings and let the government now make the fare structure for the TNCs.)
Lizada said it was "high time" for the LTFRB to step in.
"We will come up with a fare structure -- one that is good for the riding public and will also be able to sustain the viability of the TNVS," she said.
The government will only regulate the basic fare and promo rates will be left to Grab and Uber, she said.
In Uber's petition, the charge per kilometer rate of uberX will rise to P9 to P12 depending on the time of day, a P4-increase from the current rate P5.70.
Grab sought to increase its rate per kilometer to P11 to P15 from the current P10 to P14, and the per-minute rate to P2.10 from the current P2.