Grab fare hike now up for LTFRB resolution
The decision on whether to allow Grab Philippines to have a fare hike or not is now up to the board as the petition has been submitted for resolution.
“Respondent therefore is directed to submit their right petition to the compliant as early as today, after which this case is submitted for resolution. So ordered,” Land Transportation Franchising and Regulatory Board (LTFRB) Chairman Martin Delgra said during the third and final hearing regarding the said matter.
Grab, for its part, remained hopeful for the resolution to be released “very soon.”
“Of course we hope to get some resolution very soon. Matagal na naghihintay ang mga drivers (Our drivers have been waiting for this for so long),” Grab Public Affairs Head Leo Gonzales said in a chance interview shortly after the hearing.
If the petition of Grab would be approved, Gonzales assured that the impact of the decision would be mainly on its drivers.
According to the Grab official, the fare hike would be the “equalizing factor” from all the expenses of its drivers to their earnings.
“Considerable din po ‘yung impact because we have to take into account other factors like the oil price hike, inflation rate,” he said.
“These are the factors contributing to the drivers earning less,” Gonzales added. “So ang P2 per minute sana ‘yung magiging equalizing factor para they can take home a bit more.” With report from Daphnie Beltran, INQUIRER.net intern/je
