As affirmed by the Land Transportation Franchising and Regulatory Board, the fare for the regular and airport taxis plying the streets of Metro Manila now starts at Php 30 with adjusted distance and waiting time charges. With a tight game against TNC companies or Grab and Uber, let’s have a look on how the fares of respective modes of transportation compete with each other.
As you can see from the table above, the base fare regular taxis, GrabCar, and UberX is pretty close to each other. What differs are their charges for distance and time traveled.
For distance, the reasonable charge is from Uber with only Php 5.70/km while everyday taxis place second at Php 7/km (Php3.50 per 500m) while GrabCar requires Php12/km. Uber may be the cheapest for distance but they charge you also Php2/minute of your travel while taxi meters apply the waiting charges of Php3.50 every 90s only when it’s in a complete stop. GrabCar, on the other hand, doesn’t have additional charges.
So, which is cheaper?
It varies per situation. In theory, regular taxis are still the cheapest as long they don’t ask for extra charges a fixed deal for the trip. Uber is ideal when traffic is good while GrabCar is your option if you want peace of mind since it’s a fixed rate and getting stuck in traffic is not a problem. Keep in mind that Uber implements Surge pricing when traffic is really bad in the area while GrabCar has higher fees during rush hours.
The new Taxi rates will be in effect tomorrow, Saturday, March 19th.