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
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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