Grab plans S$0.30 platform fee but timing draws flak; CCCS seeks feedback
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GRAB has applied to Singapore's competition watchdog to impose a platform fee - a move that will put it in line with other ride-hailing firms around the world, which are already charging fees of S$0.70 to over US$2 per ride. The proposal is undergoing public consultation, after having its hands tied by competition requirements following its merger with Uber in 2018.
The proposed fee amounts to S$0.30 for each ride, or S$0.32 with goods and services tax. In its submission to the Competition and Consumer Commission of Singapore (CCCS), Grab observed that this practice is in line with industry norms and "does not represent a disproportionate increase in fares".
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