Ride-hailing giant Grab has temporarily lowered its surge rate from double during rush hours to 1.6 times as the additional P2-per-minute travel rate recently approved by the Land Transportation Franchising and Regulatory Board (LTFRB) kicked in on Friday. ADVERTISEMENTOn September 5, the LTFRB allowed transport network companies (TNCs) Grab, Owto, Hype and u-Hop to charge an additional P2-per-minute travel rate as part of its efforts to rationalize the fare structure for ride-hailing apps. The order was used by Grab to justify imposing a P2-per-minute travel rate from July 2016 to April 2017, which PBA Rep. Jericho Nograles slammed as “illegal” and charged without prior approval from the LTFRB. The board ordered its suspension in May and directed Grab to pay a P10-million fine for allegedly unilaterally charging the fees. ADVERTISEMENTHe added that Grab had already updated their app’s trip receipts to reflect the new fare breakdowns.

Source: Philippine Daily Inquirer September 21, 2018 21:45 UTC