August 19, 2017

Grab limits surge pricing charges as Uber faces suspension from LTFRB

Grab assures public that fares will not bloat even with excess demand.
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Grab surge pricing

Grab is one of the transport network companies that are operating in the country. (Image: Grab PH)


Transport network company (TNC) Grab will restraint surge charges to 1.4 times the regular rate following the suspension of their competitor Uber.

According to Grab Philippines country head Brian Cu, the surge has been set to prevent excessive charging. Additional fares during surges would be at least PhP20 and at most PhP50.

Cu also said that the indicated numbers are significantly twice below the requirement of the Land Transportation and Franchise Regulatory Board (LTFRB).

Cu further said that price surges are still possible, but they are working to adjust the fares in accordance to circumstances. Cu explained that surge pricing only kicks in if demand is 30% more than supply.

The company recorded a rise of 10 to 15% in bookings in the aftermath of Uber’s suspension. This explains the shortage of rides and results to higher fare prices. However, the surge cap is only temporary and might change to adjust to drivers’ income.

The LTFRB previously gave a one-month suspension notice to Uber after Uber violated LTFRB orders to stop accepting applications for accreditation of transport network vehicles (TNVS).

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Disclaimer: All articles in the Consumers Magazine of ShoppersGuide.com.ph (SG) are for general information and entertainment purposes only. Although careful research has been made in writing them, SG does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.

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August 19, 2017

Grab limits surge pricing charges as Uber faces suspension from LTFRB

Grab assures public that fares will not bloat even with excess demand.



Grab surge pricing

Grab is one of the transport network companies that are operating in the country. (Image: Grab PH)


Transport network company (TNC) Grab will restraint surge charges to 1.4 times the regular rate following the suspension of their competitor Uber.

According to Grab Philippines country head Brian Cu, the surge has been set to prevent excessive charging. Additional fares during surges would be at least PhP20 and at most PhP50.

Cu also said that the indicated numbers are significantly twice below the requirement of the Land Transportation and Franchise Regulatory Board (LTFRB).

Cu further said that price surges are still possible, but they are working to adjust the fares in accordance to circumstances. Cu explained that surge pricing only kicks in if demand is 30% more than supply.

The company recorded a rise of 10 to 15% in bookings in the aftermath of Uber’s suspension. This explains the shortage of rides and results to higher fare prices. However, the surge cap is only temporary and might change to adjust to drivers’ income.

The LTFRB previously gave a one-month suspension notice to Uber after Uber violated LTFRB orders to stop accepting applications for accreditation of transport network vehicles (TNVS).

SHARE this ARTICLE
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Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Guide to Exploring Old & New Cubao Stores for the Best Shopping Trip

Disclaimer: All articles in the Consumers Magazine of ShoppersGuide.com.ph (SG) are for general information and entertainment purposes only. Although careful research has been made in writing them, SG does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.

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August 19, 2017

Grab limits surge pricing charges as Uber faces suspension from LTFRB

Grab assures public that fares will not bloat even with excess demand.
SHARE this ARTICLE
Facebook Twitter Google+



Grab surge pricing

Grab is one of the transport network companies that are operating in the country. (Image: Grab PH)


Transport network company (TNC) Grab will restraint surge charges to 1.4 times the regular rate following the suspension of their competitor Uber.

According to Grab Philippines country head Brian Cu, the surge has been set to prevent excessive charging. Additional fares during surges would be at least PhP20 and at most PhP50.

Cu also said that the indicated numbers are significantly twice below the requirement of the Land Transportation and Franchise Regulatory Board (LTFRB).

Cu further said that price surges are still possible, but they are working to adjust the fares in accordance to circumstances. Cu explained that surge pricing only kicks in if demand is 30% more than supply.

The company recorded a rise of 10 to 15% in bookings in the aftermath of Uber’s suspension. This explains the shortage of rides and results to higher fare prices. However, the surge cap is only temporary and might change to adjust to drivers’ income.

The LTFRB previously gave a one-month suspension notice to Uber after Uber violated LTFRB orders to stop accepting applications for accreditation of transport network vehicles (TNVS).

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Disclaimer: All articles in the Consumers Magazine of ShoppersGuide.com.ph (SG) are for general information and entertainment purposes only. Although careful research has been made in writing them, SG does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.

Sending feedback. Please wait...

Your comment has been sent.

Your comment is important to us. ShoppersGuide is now notified and will review the comment you sent.

An error has occurred!

Sorry for the inconvenience. ShoppersGuide is currently fixing this.

August 19, 2017

Grab limits surge pricing charges as Uber faces suspension from LTFRB

Grab assures public that fares will not bloat even with excess demand.



Grab surge pricing

Grab is one of the transport network companies that are operating in the country. (Image: Grab PH)


Transport network company (TNC) Grab will restraint surge charges to 1.4 times the regular rate following the suspension of their competitor Uber.

According to Grab Philippines country head Brian Cu, the surge has been set to prevent excessive charging. Additional fares during surges would be at least PhP20 and at most PhP50.

Cu also said that the indicated numbers are significantly twice below the requirement of the Land Transportation and Franchise Regulatory Board (LTFRB).

Cu further said that price surges are still possible, but they are working to adjust the fares in accordance to circumstances. Cu explained that surge pricing only kicks in if demand is 30% more than supply.

The company recorded a rise of 10 to 15% in bookings in the aftermath of Uber’s suspension. This explains the shortage of rides and results to higher fare prices. However, the surge cap is only temporary and might change to adjust to drivers’ income.

The LTFRB previously gave a one-month suspension notice to Uber after Uber violated LTFRB orders to stop accepting applications for accreditation of transport network vehicles (TNVS).

SHARE this ARTICLE
Facebook Twitter Google+

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Guide to Exploring Old & New Cubao Stores for the Best Shopping Trip

Disclaimer: All articles in the Consumers Magazine of ShoppersGuide.com.ph (SG) are for general information and entertainment purposes only. Although careful research has been made in writing them, SG does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.

Sending feedback. Please wait...

Your comment has been sent.

Your comment is important to us. ShoppersGuide is now notified and will review the comment you sent.

An error has occurred!

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