The ride-hailing platform states that the entirety of the fare hike will go towards raising the earnings of its driver-partners.
SBS Transit posted a decline in its 2020 profits due to lower ridership, but the effects were mitigated by government relief and lower fuel costs.
Increased fares for some train and bus trips have officially kicked in, with commuters having to pay $0.06 more on adult card fares on both modes of transport.
Transport Minister Khaw Boon Wan says bus and train commuters should share cost of better service, and raised the possibility of increased fares.
There will not be an adjustment in transport fares until the Fare Review Committee (FRMC) completes its review and proposes improvements on the system.