#grab ltfrb

The Land Transportation Franchising and Regulatory Board (LTFRB) has ordered Grab to suspend its P2.00 per minute fare it imposed on rides. (GRAB), to immediately suspend the imposition of P2.00 per minute charge. The Order shall be effective until further Order of the Board." Grab was recently asked to appear on a hearing scheduled on April 17 to explain why it was charging P2.00 per minute of travel time without authority from the Board. Grab admitted that they imposed the P2.00 per minute charge in June 2017 but failed to inform the public. The LTFRB mentioned in the order that Grab's fare structure should be consistent with the Order of the Board dated December 27, 2016. Grab Philippines’ current fare is likely to stay the same until March even though the tax reform law is now in place. This is according to Land Transportation Franchising and Regulatory Board (LTFRB) member Aileen Lizada who spoke to reporters in an interview on January 9, 2018. - Aileen Lizada, LTFRB member With fuel prices expected to increase as an effect of the government’s new tax reform law, ride-hailing app Grab has already announced that it wants to increase its fare by Php10 to Php13 pesos. Grab resumes its 24/7 operations in Metro Manila and select provinces to strengthen public transportation amid the pandemic. Read more in our articles including "LTFRB orders Grab to suspend P2/min charge on rides" and "Grab fare to stay the same until March".