Ridesharing firm Grab is proposing a six to 10 percent or P10 to P13 fare hike because of higher excise taxes on petroleum products under the Tax Reform for Acceleration and Inclusion (TRAIN) law.
The company is set to file a petition for the fare increase before the Land Transportation Franchising and Regulatory Board (LTFRB) within this week, according to Grab Philippines country head Brian Cu.
“The fare increase aims to cover the higher operating costs of our drivers due to the implementation of the TRAIN policy,” Cu explained in a press conference Wednesday.
A full-time Grab driver earns an average of P3,200 to P3,600 daily. Of the amount, P800 to P1,000 is spent on gas.
“Our biggest worry is the day-to-day operations with regards to the fuel that drivers need. If a fare adjustment is not made, this would (compromise) their income on a monthly basis,” Cu said.
Once the fare adjustments are granted by the LTFRB, Grab assures its riders that these will be implemented only when there are “significant changes” in oil prices.
The average fares of Grab passengers were pegged at P150 to P170 as of December 2017.
Under the TRAIN law, an initial excise tax of P2.50 per liter shall be imposed on diesel this year, which will eventually increase to P6 by 2020. An excise tax of P7 will be imposed on gasoline in 2018, gradually increasing to P10 in 2020.
The Department of Energy (DOE) has advised oil companies not to apply the new excise taxes on old stocks of petroleum products, as these are levied on importation and not at the point of sale to consumers. (PNA)
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
