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Four ride-hailing platforms in Singapore to increase fees from Jan 1, 2025

Four ride-hailing platforms in Singapore are set to increase fees by 0.5 SGD (0.37 USD) starting January 1, 2025, a move they say is meant to cover costs arising from the upcoming Platform Workers Act.

Hanoi (VNA) - Four ride-hailing platforms in Singapore are set to increase fees by 0.5 SGD (0.37 USD) starting January 1, 2025, a move they say is meant to cover costs arising from the upcoming Platform Workers Act.

Grab, the largest ride-hailing firm, will raise its platform fee from 0.7 SGD to 0.9 SGD per trip.

It said the new platform & partner fee will support Central Provident Fund (CPF) contributions, work injury compensation (WIC) coverage and other welfare initiatives for its platform workers, as well as platform maintenance and service improvements.

For its food, groceries and parcel delivery services, fees will go up from 0.4 SGD to 0.60 SGD.

Similarly, Gojek will raise its platform fee from 0.3 SGD to 0.5 SGD per trip, saying these changes are to protect drivers and their earnings in support of the Bill on top of improving and maintaining its services.

ComfortDelGro, the largest taxi operator in Singapore, will follow suit and raise its platform fee from the current rate of 0.7 SGD to 1 - 1.2 SGD, dependent on factors such as distance and travel time.

As for TADA, fees will go up by additional 0.5 SGD per ride, excluding goods and services tax. It noted that besides maintaining current features and developing new ones to provide a better ride-hailing experience, this adjustment is also essential to support the implementation of the government’s Platform Workers Bill./.

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#Platform Workers Act #ride-hailing platforms #ComfortDelGro #Singapore #Grab Singapore
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