Report: Grab expects lower fares starting February 2020

Yes, please
by Drei Laurel | Jan 3, 2020
ILLUSTRATION: Raynand Olarte

Have you become wary of opening your Grab app due to the ride-hailing service’s exorbitant fares of late? Well, its management has some very good news for you.

According to a report by GMA News Online, Grab Philippines president Brian Cu said that the company expects fares to get lower starting in February 2020. This comes as a result of nothing more than the Grab application’s surge mechanics.

“With that higher number of people booking, the surge went up,” Cu said, referring to the huge demand for Grab rides over the past holiday season. “If the app sees there is more demand, surge will start kicking in.”

“We expect this to drop by February,” Cu added.

Late last year, the ride-hailing firm once again found itself in the spotlight after the Philippine Competition Commission (PCC) slapped the company with another multi-million-peso fine for commitment violations in 2019. In total, P19.2 million was refunded to riders, though the meager amount reimbursed per user has become the butt of many a joke.

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No doubt this news comes as a much-welcome relief to regular users of the app. Will you be booking Grab rides more often now that the holiday season surge is about to fade?

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ILLUSTRATION: Raynand Olarte
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