(Eagle News) — Grab Philippines’ current fares are likely to stay the same until March even with the passage of the tax reform law.
This is according to Land Transportation Franchising and Regulatory Board member Aileen Lizada, who spoke to reporters in an ambush interview on Tuesday.
“We have to clear, we have to set it for reading,” she said.
She said the LTFRB will have to consult stakeholders first, including the National Economic Development Authority.
Grab only recently asked the LTFRB that it be allowed to implement a 5 percent increase in fare rates.
In asking for the increase, the company said that the implementation of the Tax Reform Acceleration for Inclusion law would lead to an increase in fuel prices.
This in turn, it said, would lead to a decrease in the take-home pay of Grab drivers.
