The Land Transportation Franchising and Regulatory Board is now reviewing the prevailing fare policies for transport network vehicle service (TNVS) operators to balance the interests of drivers, operators and commuters while ensuring a fair and transparent ride-hailing system.
LTFRB head Teofilo Guadiz III acknowledged concerns raised by the United Transportation Coalition Philippines (UTCP), adding that the agency is conducting regular review of fare adjustments while keeping affordability in mind for passengers who have to bear the brunt of economic challenges.
“As we recognize the needs of the TNVS operators and drivers to have an adequate income, it is important that the passengers can afford the fare,” he said.
The agency is considering factors such as the rising fuel costs, inflation and potential impact on commuters in the review process in attempting to find a fair solution to the needs of both drivers and passengers.
“It is not true that the LTFRB is not doing anything. We continue to review our fare matrix to ensure it is fair and just to all,” Guadiz said.
He said the LTFRB is open to studying proposals for a fixed minimum fare but any adjustment must be data-driven and not rushed.
He reminded TNVS drivers that they must honor confirmed bookings as frequent cancellations disrupt the commuter experience and could prompt regulatory action.