ComfortDelGro to cushion drivers from fuel price surge amidst Middle East conflict

The company is collaborating with the National Taxi Association to ease pressure on drivers.

ComfortDelGro will absorb part of fuel price increases and provide targeted subsidies to its drivers, Michael Huang, Head of Singapore Point-to-Point Mobility Business, said.

The move follows a Maybank Research report highlighting that the transport sector faces heightened risk from escalating tensions in the Middle East.

Huang added that the company is monitoring cost impacts from geopolitical developments while working with the National Taxi Association to ease financial pressure on drivers.

Fuel and electricity account for 7.5% of ComfortDelGro’s total operating costs. Its public transport contracts include indexation clauses, which adjust revenue based on fuel price movements, helping to mitigate price changes with a time lag, according to the report.

Follow the link for more news on

ComfortDelGro

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia