Grab to seek reconsideration of P12 million fine

ABS-CBN News

Posted at Oct 26 2018 04:21 PM | Updated as of Oct 26 2018 06:51 PM

A ComfortDelgro taxi passes the Uber and Grab offices in Singapore March 26, 2018. Grab earlier announced it was acquiring Uber's Southeast Asia operations.

MANILA – Grab on Friday said it would it would ask the Philippine Competition Commission to reconsider its decision to fine the ride-hailing firm by P12 million over alleged anti-trust violations.

The PCC fined Grab for failure to keep pre-transaction incentives, pricing and quality of service after it took over rival Uber, which was fined P4 million.

"We respectfully disagree with PCC's decision. Grab completed the transaction legally, and did not violate the interim measures order," Grab said in a statement. 

The "supposed increase" in price was driven by high demand and low supply of vehicles. Fare, surge rates, incentives and promos were maintained, Grab said.

Grab said it would "abide by and remain faithful" to voluntary commitments to the PCC, which were the basis for the approval of its deal with Uber. 

In a separate statement, PCC Chairman Arsenio Balisacan said the concerned parties have until Oct. 29 to file a Motion for Reconsideration.

-- with a report from Jacque Manabat, ABS-CBN News