ComfortDelGro plans to raise the platform fee for ride bookings from a flat rate of 70 cents now to a variable rate of between $1 and $1.20.
The hikes, to take place on Jan 1, will be applicable on rides booked via ComfortDelGro 's own app CDG Zig App, and also those made via the DBS PayLah! App and the Kris+ App.
According to ComfortDelGro, the exact platform fee will vary based on the distance travelled and travel time.
The company says the higher fees will go towards "enhanced protection" and "welfare initiatives" to help provide a more "secure future" for its drivers.
In a separate announcement to users, Grab Holdings is similarly raising its platform fees for ride-hailing from 70 cents now to 90 cents.
For food delivery, the platform fee will now be 60 cents - up from 40 cents now.
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Just like ComfortDelGro, the hikes will take effect from Jan 1.
ComfortDelGro shares changed hands at $1.44 as at 11.23 am, down 0.69%.
Nasdaq-quoted Grab shares closed at US$4.88, down 0.41%.
