Tuesday 19 February
Jul 10, 2018 @ 18:08

LTFRB tells Grab: Pay P10M fine, return fares for per-minute charge


This regulator flexed its muscle yet again.

The Land Transportation Franchising and Regulatory Board (LTFRB) cracked down on Grab Philippines for overcharging its riders in light of its per-minute fee.

In a decision on Monday, July 9, the LTFRB announced a P10 million penalty for the ride-hailing service for overcharging its clients. It also ordered Grab to reimburse the P2-per-minute surcharge included in passenger fares.

LTFRB said the charge was imposed “without authority,” as it comes on top of a P40 flagdown rate and P10-14 fare per additional kilometer.

The decision came from a complaint filed by PBA Party-list Rep. Jericho Nograles.

The reimbursement will cover transactions from June 5, 2017 to April 19, 2018. LTFRB said the rebate may be used for “future rides.”

LFTRB slapped Uber a P190-million fine last year. The transport company pulled out its operations in Asia months later and sold its assets to Grab.

Please follow and like us:

Tags: , , ,

Related Stories
The Department of Transportation (DOTr) is pushing for the passage of a bill that will
The Land Transportation Franchising and Regulatory Board (LTFRB) on Friday accredited two new transportation network
The Land Transportation Franchising and Regulatory Board (LTFRB) has ceased accepting new applications for transportation
The Department of Transportation has chided ride-hailing app Grab Philippines for insisting there is shortage


Trending News

Recommended on sister sites

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.