Grab, ride-hailing firms to be summoned over holiday fares: regulator


Posted at Dec 18 2019 08:02 AM | Updated as of Dec 18 2019 10:03 AM

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The Land Transportation Franchising and Regulatory Board said Wednesday it would summon Grab and other ride-hailing firms to a meeting following reports of fare surges this holiday season.

The regulator in August set the fare matrix of transport network vehicle services or TNVS, including a cap of 2 times for the "surge" or demand-based rate, said LTFRB Board Member Ronaldo Corpus.

"Itong linggo na ito, kakausapin namin ang mga TNVS para maliwanagan natin iyan at malaman namin ang totoo," he told radio DZMM.

(This week, we will talk to TNVS to clarify that and find out the truth.)

Sen. Sherwin Gatchalian on Tuesday urged LTFRB to re-assess the fare matrix of ride-hailing firm Grab, which he said was "killing the festive mood of many Filipino commuters."

Grab's fare "remains to be within the approved matrix of the LTFRB" despite its "very limited number of drivers" who serve "an exponentially high demand," the firm was quoted as saying in a Manila Bulletin report last week.

There are 9 ride-hailing firms accredited by the transport regulator, said Corpus.

DZMM, Dec. 18, 2019