Published: Saturday 24 December, 2016

LTFRB to Cancel or Suspend UBER & Grab Permits if Price Surges Continue

Amid complaints from the public, the LTFRB has issued a stern warning to Uber and Grab over their price surges.

Uber, Grab price surges

Uber and Grac price surges questioned by LTFRB. (PHOTO: viet-news.net)

Calling the price surges ‘unreasonable’, the Land Transportation Franchising and Regulatory Board (LTFRB) said it may suspend or even cancel the accreditation of both UBER and Grab if these continue. The agency is reaction to complaints from the riding public which reported that price surges reportedly ranged from P2,000 to P28,000.

According to earlier statements of both UBER and Grab, the price surges are system generated. Fares go up as the demand rises. Other factors such as traffic and weather, among others, also affect fares.

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With the increased demand this holiday season, coupled with Metro Manila’s traffic which was worsened by Christmas shopping, fares surge almost all day.

“LTFRB strongly warns Uber and Grab not to take advantage of the holiday season as a reason to unreasonably surge their respective rates,” said the agency in a statement released today.

“LTFRB reserves its right to suspend or cancel the accreditation of Uber and Grab if these unreasonable surges will persist,” it warned.

Moreover, the LTFRB said it was not consulted about the price surges.

Commuters groups, meanwhile, said it is about time the LTFRB addressed this impartial treatment of TNC’s versus the regular modes of transportation. It said fares in other modes of public transportation are heavily regulated, and changes go through the eye of a needle before it is approved, if at all. But with price surges, Uber and Grab can increase their fares instantly.

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