Commuting ain’t cheap: Grab PH raising flagdown rate by P5

Ride-hailing giant Grab Philippines has secured approval from the Land Transportation Franchising and Regulatory Board (LTFRB) to charge higher rates for its car services.

The regulator issued a September 16 decision allowing Grab and other transport network vehicle services (TNVS) companies to raise the flagdown rate by P5 per ride, depending on vehicle type.

Sedan cars for hire can charge a maximum P45 flagdown rate from P40 currently, while premium Asian or sports utility vehicles (AUV/SUV) may charge a P55 flagdown from P50 previously. Fares for hatchbacks and compact cars will start at P35.

This is lower than Grab’s request for a P20 increase in flagdown rates across the three vehicle types.

Grab, through its parent firm MyTaxi.PH, first sought for a fare increase in December 2021. Under its proposal, each kilometer will cost P16-25 from the current P13-P18 range depending on the car hailed, while the per minute charge will be at P3.

The LTFRB, however, approved only the increase in flag down rate and denied all other fare adjustments.

“All TNVS operators cannot charge/impose the approved fare adjustment unless and until the Increase of Fare Rate and Fare Matrix/Guide Fees are properly paid and issued,” the decision read, as signed by LTFRB chairperson Atty. Cheloy Garafil and board members Engr. Riza Marie Tan-Paches and Atty. Mercy Jane Paras-Leynes.

The LTFRB also approved fare hikes for public jeepneys, buses, and taxis in the wake of higher oil prices.

Germany raids properties belonging to Russian oligarch

German investigators on Wednesday raided properties belonging to a Russian oligarch suspected of tax evasion and breaking EU sanctions, police and prosecutors said, with sources naming billionaire Alisher Usmanov as the target.

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