Grab PH to subsidize drivers
Ride-hailing app Grab Philippines has budgeted P100 million a month to cover subsidies to its drivers amid higher fuel costs and the suspension of the P2 per minute charge on trips.
“Since P2 per minute component was suspended, we received a lot of painful complaints from our partners that their earnings are not sufficient anymore to make a decent living. That’s why we decided to step in,” said Brian Cu, Grab Philippines country head.
Cu said that based on their computations, a transport network vehicle services driver “needs to make at least P330 per hour to be able to properly provide for his family’s needs and to cope with the traffic, high fuel and vehicle maintenance costs.”
There is an average of 600,000 bookings that increases to up to 800,000 during peak hours, while TNVS supply in Grab’s platform remains at 33,000.
“With guaranteed earnings, we hope that this subsidy will also urge our partners to be more confident that they will make money for any trip they get and continue providing quality service to the riding public,” Cu said.