Report: LTFRB approves P2 per minute fare for TNVS

That includes Grab
by Jason Tulio | Sep 6, 2018
PHOTO: LTFRB
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The back and forth between the Land Transportation Franchising and Regulatory Board (LTFRB) and transport network companies (TNCs) continues. 

Manila Bulletin reports that the government organization yesterday issued Memorandum Circular No. 2018-019, which approves the controversial P2 per minute fare charge for all ride-sharing vehicles. Yes, that includes Grab, whom the LTFRB previously ordered to reimburse fares when the company used the said P2 per minute fare structure. 

However, the LTFRB has since revised its initial order for Grab to reimburse riders. But the P10 million fine against Grab remains. 

"We would like to assure passengers that Grab will continue to implement legal and justified fares. For transparency, we have implemented the issuance of a new e-receipt which shows the breakdowns of fares for each ride," Grab explained in a statement.

The new fares will be effective within 15 days of publication, and applies to all TNCs including sedans, AUVs, and hatchbacks. The Memorandum also orders TNCs to issue e-receipts to passengers breaking down the flag down, per kilometer, and travel time rates, as well as the surge price. 

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What do you guys think about this development? Is it a positive sign that the LTFRB is finally taking ride-sharing regulation seriously? Or is P2 per minute too expensive when considering the realities of commuting? Let us know your thoughts below. 

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