The Land Transportation Franchising and Regulatory Board (LTFRB) is set to hear the petition for fare increase of transport network vehicle services (TNVS) on June 29.
Due to the non-stop fuel price hike, LTFRB recently granted the Php 1 increase in minimum fare for Public Utility Jeepneys (PUJs) operating in Metro Manila, Central Luzon, Calabarzon, and Mimaropa.
Accordingly, the agency will also hear the price increase petition from transport network companies (TNC) operating transport network vehicle services (TNVS) through ride-hailing apps.
Speaking to “The Chiefs” on Cignal TV’s One News on Wednesday night, June 8, LTFRB executive director Kristina Cassion said the agency would be hearing the petition for fare hike on the more complicated fare matrix of TNVS units on June 29.
“For TNVS like Grab, Joyride… there’s a standard fare rate for that such as the flag-down rate, per kilometer rate and a P2 per minute and a surge rate. So they also filed a petition for a fare hike,” Cassion said.
Asked whether a fare hike for TNVS units would be likely, Cassion said the decision of the LTFRB requires thorough consultation and deliberation.
“But we see the difficulty that drivers and operators face, that’s why the board approved it. So let’s just cross our fingers. Whatever the board discusses about this matter, we consult it with other sectors and the economic managers and what its effect will be, like inflation,” she said.
