With the rising fuel prices, Grab Philippines is hoping to impose a Php 20 increase on its base fare. As transportation has slowly turning a curve to normalization, fuel prices is indeed something that even those who doesn’t mind will continue to keep tabs on.
In a recent petition filed by the company, Ronald Roda, Grab Philippine’s senior director for strategy and operations has stated that the petition is set to be heard this coming June 29 at LTFRB (Land Transportation Franchising and Regulatory Board).
During the pandemic, a decrease in its roster has been felt and Roda has also pointed out that two-thirds of their 65,000 drivers had already quit. Having that said, aiming for a Php 20 fare increase may also mean that there might be an increase in interest for new aspiring drivers to supply the demand of the commuters.
Amidst the continuous fuel price increase due to economic and other international factors, it is clear that a fare increase, not only on TNVS (Transport Network Vehicle Services) but for traditional means of transportation will have a domino effect on each individual.
As of this writing, Grab’s base fare price is at Php 40 for its 4-seater and Php 50 for its 6-seater options. Together with this is the company’s effort to introduce better incentives and lesser deductions towards their drivers but is still deemed as unsustainable by Roda in the long run.
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