MANILA -- The Land Transportation Franchising and Regulatory Board (LTFRB) has allowed all transportation network companies (TNCs) to impose a PHP2-per-minute charge to passengers as part of their fare structure.
This as the LTFRB on Wednesday issued Memorandum Circular No. 2018-19 which sets a uniform fare structure on transportation network vehicle services (TNVS) units of ridesharing companies.
“The Board hereby authorizes transportation network vehicle services to charge PHP2-per-minute of travel time from origin to destination as part of its fare structure,” the LTFRB said in its memorandum.
It also directed the TNCs to provide a breakdown on their fares, including flagdown rate, per kilometer rate, travel time rate and surge price on their electronic receipts.
The order will not affect the final resolution on cases that were filed against Grab Philippines and Hype Transport Systems Inc. in relation to the PHP2-per-minute charge which were allegedly imposed without authority from the Board.
TNCs earlier called on LTFRB to allow them to impose per-minute charges to provide sustainable income to their drivers.
The DOTr issued a directive last June allowing the LTFRB to determine the fares of TNCs. (PNA)
