LTFRB says Php 23M Fine Vs Grab 'outside Fare Structure Guidelines'

LTFRB logo
A member of the Land Transportation and Franchising Regulatory Board (LTFRB) clarified that the Php 23-Million Overcharging fine slapped against Grab has nothing to do with the fare structure observed. LTFRB Board Member Engr. Ronaldo Corpus issued the clarification after the regulator has finished a meeting with officials of the Philippine Competition Commission (PCC). 
LTFRB logo ©ltfrb.gov.ph
“To put it in proper context, the fine issued by PCC in its Decision recently rendered pertains to the failure of Grab to fulfill its commitment to PCC as embodied in Grab's Undertaking which it voluntarily submitted to PCC. It has nothing to do with LTFRB's fare structure, " he said. However, the board reiterated that they shall conduct a review to monitor Grab's fare setting. The Board will conduct such as to determine any violation on the existing fare structure issued by the Board--as their primary concerns remains to be the welfare of its most important stakeholder – the riding public. "The LTFRB remains committed to its mandate of providing a transparent, accountable, safe, and timely service to the riding public. The agency shall continue to work closely with the PCC regarding this issue," the LTFRB noted in its statement. Earlier, Puwersa ng Bayaning Atleta (PBA Partylist) Rep. Jericho Nograles said that the LTFRB should slap a P15 billion fine for allegedly overcharging 3 million users. According to him, the declaration of the ride-hailing app to comply with the PCC order to pay the P23.45 Million fine is a direct admission that it has been charging excessive fares from 3 Million riders from February to May of 2019--to which Grab denied. Grab Philippines chief Brian Cu slammed the claim of the lawmaker, insisting that they followed the fare matrix of the LTFRB.
© Patrick Everett Tadeo for CARMUDI PHILIPPINES
 

Also read: Lawmaker eyes P15B Fine vs Grab
Grab to pay Php 5 million to customers

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Cars

  • Upcoming

Car Articles From Zigwheels

  • News
  • Article Feature
  • Advisory Stories
  • Road Test
  • Honda Cars PH welcomes 2025 with ‘New Year, New Deals’ promo
    Honda Cars PH welcomes 2025 with ‘New Year, New Deals’ promo
    Ruben Manahan IV . Jan 10, 2025
  • Lamborghini sells over 10-K cars in 2024
    Lamborghini sells over 10-K cars in 2024
    Paulo Papa . Jan 10, 2025
  • Hyundai Motor Group taps NVIDIA to push AI-powered innovations
    Hyundai Motor Group taps NVIDIA to push AI-powered innovations
    Paulo Papa . Jan 10, 2025
  • Bentley creates EMEA regional business division for Beyond100+
    Bentley creates EMEA regional business division for Beyond100+
    Cesar Miguel . Jan 10, 2025
  • Here are the Top 10 2025 WCOTY finalists
    Here are the Top 10 2025 WCOTY finalists
    Cesar Miguel . Jan 10, 2025
  • GAC Empow: subtle hues, impressive features
    GAC Empow: subtle hues, impressive features
    Paulo Papa . Jan 10, 2025
  • BYD Seal: strengths and weaknesses
    BYD Seal: strengths and weaknesses
    Cesar Miguel . Jan 10, 2025
  • Toyota Raize: comprehensive colors
    Toyota Raize: comprehensive colors
    Paulo Papa . Jan 10, 2025
  • Toyota Tamaraw vs. the competition
    Toyota Tamaraw vs. the competition
    Cesar Miguel . Jan 10, 2025
  • Here are the SUVs we want to see in PH this 2025
    Here are the SUVs we want to see in PH this 2025
    Cesar Miguel . Jan 08, 2025
  • Here are some ideal destinations and safety tips for the upcoming Holy Week
    Here are some ideal destinations and safety tips for the upcoming Holy Week
    Paulo Papa . Mar 08, 2024
  • Here are some New Year’s resolutions for car owners
    Here are some New Year’s resolutions for car owners
    Paulo Papa . Jan 03, 2024
  • PH auto market: 2023 in retrospect
    PH auto market: 2023 in retrospect
    Paulo Papa . Dec 15, 2023
  • Here’s a holiday gift guide for car enthusiasts
    Here’s a holiday gift guide for car enthusiasts
    Hazel Nicole Carreon . Dec 15, 2023
  • Oil players cut pump prices anew
    Oil players cut pump prices anew
    Paulo Papa . Nov 14, 2023
  • All-new Chery Tiggo 2 Pro CVT: affordable, capable
    All-new Chery Tiggo 2 Pro CVT: affordable, capable
    Paulo Papa . Dec 26, 2024
  • Land Rover Defender 110 S D250: King of versatility
    Land Rover Defender 110 S D250: King of versatility
    Cesar Miguel . Dec 12, 2024
  • 2024 Ford Explorer Limited: reliable 6th man
    2024 Ford Explorer Limited: reliable 6th man
    Ruben Manahan IV . Dec 02, 2024
  • Honda Civic RS e:HEV: refined, athletic
    Honda Civic RS e:HEV: refined, athletic
    Cesar Miguel . Nov 28, 2024
  • Ford Ranger Wildtrak 4X4: rugged, refined
    Ford Ranger Wildtrak 4X4: rugged, refined
    Paulo Papa . Nov 19, 2024