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๐Ÿ‡ธ๐Ÿ‡ฌ Singapore /Economy & Trade

Grab Extends Fuel Surcharge, Fare Adjustments Until End July Amid Price Volatility

From CNA · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Grab is extending its temporary fuel surcharge and GrabCab fare adjustments until July 31 to help drivers cope with rising fuel prices.
  • The S$0.90 surcharge applies to most transport bookings, with 100% of the amount going directly to drivers.
  • Grab is also exploring long-term solutions, including support for drivers transitioning to hybrid and electric vehicles.

Ride-hailing giant Grab has announced an extension of its temporary fuel surcharge and GrabCab unit fare adjustments, a move designed to provide continued support for its driver-partners navigating the persistent volatility in fuel prices. This decision, extending the measures until July 31, reflects Grab's acknowledgment of the financial pressures faced by drivers, ensuring that driving remains a viable livelihood.

We recognise the pressure our partners face as a result of higher pump prices. We are maintaining these adjustments to ensure driving remains a viable livelihood while keeping the marketplace sustainable.

· Alvin WeeGrab Singaporeโ€™s senior director of transport and country operations explaining the decision to extend fare adjustments.

The S$0.90 fuel surcharge, which is clearly itemized on passenger receipts, will continue to be applied to all transport bookings with the exception of standard and metered taxi rides. Crucially, Grab has reiterated that the entirety of this surcharge, along with the unit fare adjustments, is passed directly to the drivers, with the platform itself foregoing any commission on these amounts. This transparency aims to reassure both drivers and the public of Grab's commitment to supporting its workforce.

The measures provide โ€œa much-needed cushionโ€ for drivers affected by higher fuel costs. We appreciate the communityโ€™s understanding, which allows our members to continue providing essential services in this challenging environment.

· Raven LeeNPHVA executive secretary commenting on the fuel surcharge extension.

Grab Singaporeโ€™s senior director of transport and country operations, Alvin Wee, emphasized that maintaining these adjustments is vital for keeping the marketplace sustainable. The company has been in close consultation with the National Private Hire Vehicles Association (NPHVA) and the National Taxi Association (NTA). Representatives from these associations, Raven Lee and Teo Siew Pan respectively, have voiced their appreciation for Grab's measures, describing the surcharge as a "much-needed cushion" and expressing relief that the adjustments will continue to support drivers amidst ongoing price uncertainties. Beyond immediate fare adjustments, Grab is also investing in longer-term initiatives, such as a fuel support package and exploring partnerships to facilitate drivers' transition to more eco-friendly vehicles.

NTA is glad that Grab will maintain the fuel surcharge and GrabCab unit fare to support drivers. We will continue working closely with Grab to monitor the situation.

· Teo Siew PanNTA executive secretary commenting on the fuel surcharge extension.
About this summary

Originally published by CNA in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.