Fixed TNVS fare revived

The Land Transportation Franchising and Regulatory Board (LTFRB) has revived a fixed pick-up fare system for ride-hailing services in the Philippines. This decision comes in response to growing concerns among transport network vehicle service (TNVS) operators regarding escalating operational costs.

The reinstatement of the fixed fare aims to provide a more stable and predictable income for drivers, who have been grappling with increased expenses related to fuel, vehicle maintenance, and other operational necessities. The previous system, which allowed for surge pricing based on demand, had faced criticism for potentially leading to unpredictable earnings for drivers.

By reintroducing a set pick-up fare, the LTFRB seeks to balance the needs of both drivers and passengers. While drivers may benefit from greater cost certainty, the impact on passenger fares and overall demand for ride-hailing services remains to be seen. The board's decision signals an effort to regulate the industry more effectively and ensure the sustainability of TNVS operations.