Looks like the Land Transportation Franchising and Regulatory Board (LTFRB) is backpedaling on their initial sentence to Grab about travel rates. This even included an order to reimburse the affected riders. As stated by the order, after a thorough review of the current fare structure the board deemed it necessary to impose the new travel rate. Read more in our articles including "LTFRB authorizes TNVS to charge Php2/min travel rate" and "DOTr’s MRT-3 50% fare discount now accessible via GCash".
Looks like the Land Transportation Franchising and Regulatory Board (LTFRB) is backpedaling on their initial sentence to Grab about travel rates. This even included an order to reimburse the affected riders.
As stated by the order, after a thorough review of the current fare structure the board deemed it necessary to impose the new travel rate.
Our coverage of ltfrb order includes: "LTFRB authorizes TNVS to charge Php2/min travel rate"; "DOTr’s MRT-3 50% fare discount now accessible via GCash"; "Ride-hailing apps cut commissions as fuel prices rise". Each article provides unique insights and information.