Grab Philippines Requesting to be Allowed to Charge Higher Rates!
The management of Grab Philippines is currently requesting to be allowed to charge higher rates on their passengers because of the upcoming tax increase on gasoline products. They forwarded their official request to the Land Transportation Franchising and Regulatory Board or LTFRB this week.
According to Leo Gonzales, the spokesperson of Grab Philippines, they are requesting for an additional 5% increase on their fare rates applicable to all their accredited drivers in the country. This means that from the original P10.00 to P14 per kilometer, it will become P11 to P15.
Gonzales also said that the are requesting another additional 10 cents increase per minute on top of the current P2 rate charged by the Transport network Vehicle Service or TNVS. The P40 base fare, however, will remain the same.
Gonzales then asked the public for their understanding toward the steps Grab Philippines is taking to ensure profitability once the increase on gasoline excise taxes are implemented.
According to the Tax Reform for Acceleration and Inclusion or TRAIN Law, there will be an increase of P1 pero liter of liquified petroleum gas, P2.50 per liter of diesel, and 2.65 per liter of gasoline.