Screen grab from Jonjie Gonzales’ Facebook post
The Land Transportation Franchising and Regulatory Board (LTFRB) has issued an order regulating price surge and fare rate reduction for transportation network vehicle services (TNVS) Uber and Grab on Tuesday afternoon.
In his Facebook post, Jonjie Gonzales, chief of staff of Presidential Assistant for the Visayas Michael Dino, shared a photo of the order with a caption “Good News Update on the results of en banc hearing between LTFRB, Uber and Grab held earlier today re: price surge..”
In the order, the maximum allowable price surge that Uber and Grab can apply on the fare shall be twice the rates for time covered and distances travelled excluding the base fare.
Grab was also directed to lower its fare per kilometer from P12-P16 to P10-P14 depending on the type of vehicle used.
The order shall remain effective until further orders from the Honorable Board.
Uber and Grab were also given a period of ten days to file their position papers on the liability and accountability of transport network companies and reasonable determination of fares.
The order was signed by the chairman of the board Lawyer Martin B. Delgra III, and board members Engr. Ronaldo Corpus and Lawyer Aileen Lourdes A. Lizada. It was attested by Lawyer Carl Jemimah F. Marbella.