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.

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