JoyRide to reduce motorbike taxi commission to 18% on April 20

Ride-hailing app JoyRide will reduce its base commission rate for motorcycle taxis from 20% to 18% starting Monday, April 20, amid financial burden brought by oil price hikes due to the Middle East conflict.

In a statement, JoyRide said drivers can further reduce their commission to as low as 15% through the company’s existing tiering program.

Meanwhile, its JoyRide Car has already cut its commission rate for its four-wheel service from 20% to 10%.

JoyRide President Sherwin Yu said the measures were implemented in response to the growing financial strain on its drivers due to the fuel price shocks.

“Fuel costs have a direct impact on the daily income of our driver-partners,” Yu said. “By adjusting our commission rates during this crisis, we aim to provide meaningful relief and stand by every Kasundo Driver.”

JoyRide also said it is working closely with its driver community and continuing its existing incentive programs to provide further support through this period.

The company added that it will continue to monitor the situation and support its drivers during this difficult time.

On Thursday, FPJ Bayanihan Party-list Rep. Brian Poe called out motorcycle taxi firms for failing to fulfill the promised cut of 20% commission rate to allow their drivers to earn more amid surging oil prices.  

Poe cited that Angkas committed to cut its take from 20% to 15%, Grab from 20% to 18%, Joyride from 20% to 15%, Move It from 20% to 15%, and InDrive from 10% to 1% percent.

Rico Meneses of Joyride, in response, said that the reduction of commission is proportionate to the number of trips that a rider can make to ensure that there is enough fleet to be of service to the public.

Carlo Castro, head of Public Affairs for Angkas, agreed that the reduction of commission is subject to the number of rides to ensure that there are enough riders for the commuting public.

Fuel prices are expected to decline in the coming week, with diesel possibly dropping to as low as P26 per liter and gasoline by P3.50 per liter.

The anticipated big-time rollback in pump prices was attributed to the “further unwinding of the war premium on prices because of the easing of tensions in the Middle East… as so far, the ceasefire is holding,” according to the industry source.
—Mariel Celine Serquiña/RF, GMA News