LTFRB orders Grab to submit position paper on 'short trips'

The Land Transportation Franchising and Regulatory Board (LTFRB) is giving Grab Philippines five days to submit information on the number of times that the company charged a minimum base fare of P85 for short trips.

LTFRB Chairman Teofilo Guadiz III said that today (January 12) was the last hearing on the issue and that the Board will soon decide on the matter.

“There will be no more hearing on this issue. We have already asked them to submit their position paper and that’s when we will come up with a decision,” Guadiz said during the hearing on the “surge” price issue on fares.

According to Guadiz, a decision regarding the issue is expected to come out by the first week of February.

The LTFRB noted that there is a need to set parameters and the setting of “surge” prices should not be dependent on one company alone or on the supply and demand.

“What we intend to do now is to put up parameters that only one entity can set the pricing. While it is true that the party has the mechanism, it is still the government that exercises regulatory functions and defines when they can impose an increase. What we would like to establish is at what time can they impose an increase and in what areas they can make the increase,” he added.

Photos from Land Transportation Franchising and Regulatory Board Facebook page, Grab

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