UBER System Inc. has filed a petition before the Land Transportation Franchising and Regulatory Board asking for a fare adjustment due to higher fuel prices.
In a statement, USI wants to increase fare per kilometer for uberX to between P9 and P12 depending on the time of the day from P5.70 per kilometer.
The base fare of P40 and time charge of P2 will remain the same.
USI blamed the fare adjustment to the requirements under the Omnibus Franchising Guidelines to further improve safety and quality of service, increasing fuel prices, and new excise taxes on petroleum.
“We are doing this to ensure driver partners earn sustainably. We are committed to investing in the business in the Philippines so riders and drivers continue to get the service they are accustomed to,” USI said.
Earlier, Grab filed a fare increase petition before the LTFRB—between P10 and P13—amid higher excise tax for petroleum products under the Tax Reform for Acceleration and Inclusion law.
The new law, one of the five tax packages envisioned to increase state revenues and make the tax system fairer and simpler, will lower income taxes, expand the value-added tax base, raise taxes on petroleum products, automobiles and slap taxes on some sugar-sweetened beverages, among others.