Grab will prolong its temporary fare adjustments, which include a raised fuel surcharge along with elevated metered fares for rides through its taxi division, until July 31.
The ride-hailing company stated on May 22 that it is making this move to offer “ongoing support” for its drivers facing rising fuel costs.
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These fare changes, which were initially announced in March, were originally intended to last until May 31.
On March 23, Grab revealed that GrabCab will raise the unit fare for metered taxi journeys from 26 cents to 27 cents for each 45 seconds of waiting, for every 400m traveled between 1km and 10km, and for every 350m traveled beyond 10km. This became effective on March 30.
Individually, on March 31, it notified users that it would raise the 50-cent fuel surcharge to 90 cents for all transport bookings starting April 7, excluding those in a standard or metered taxi.
It stated at that time that it would conduct a review nearer to the end date "to ensure it is still suitable for current market conditions."
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Data from the Price Kaki app, created by the Consumers Association of Singapore, shows that the cost of 95-octane fuel was S$3.46 per litre at Caltex, Esso, Shell, and Sinopec petrol stations as of May 22. At Cnergy, the same grade of petrol is priced at $2.64, while at SPC it costs $3.42.
Raven Lee, executive secretary of the National Private Hire Vehicles Association, noted on May 22 that the fare adjustments provide a “much-needed cushion” for drivers feeling the pinch.
Alvin Wee, Grab Singapore’s senior director of transport and country operations, said: “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.”
Grab said it does not take a commission on the fuel surcharge or the GrabCab unit fare.
Earlier, Grab Holdings has reached a deal to purchase Delivery Hero's foodpanda delivery service in Taiwan for USD 600 million in cash, representing the Singapore-based super app's initial move beyond Southeast Asia and an important advancement in its growth strategy for the region.
The deal will be carried out on a cash-free, debt-free basis and is anticipated to conclude in the latter half of 2026, pending regulatory approvals. With its launch, Taiwan will be Grab’s ninth market, expanding its presence into a well-developed, digitally advanced economy.
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The agreement provides Grab with instant access to one of Taiwan's top food delivery services, which produced around USD 1.8bn in gross merchandise value in 2025 and is currently profitable on an adjusted EBITDA level. The firm anticipates that the acquisition will add a minimum of USD 60mn in additional EBITDA by 2028, thus enhancing its medium-term financial objectives.
The decision strategically demonstrates Grab’s intention to utilize its AI-powered logistics, pricing, and delivery optimization strengths in densely populated, high-demand city areas.
Taiwan, boasting a population of approximately 23 million and a high uptake of mobile-first services, serves as a logical expansion of Grab’s operating framework in Southeast Asia. The firm intends to incorporate its technology suite, encompassing mapping, routing, and merchant tools, into the platform, ensuring service continuity throughout the transition phase.