(March 18): ComfortDelGro Corp, Singapore’s largest taxi operator, will raise fares temporarily as it moves to shield cabbies from surging fuel costs driven by a global energy shock. The full amount collected will go directly to drivers, said the firm which operates more than 8,400 taxis locally. Fuel costs have surged worldwide as the war in Iran pushed oil past US$100 a barrel. Higher pump and energy prices are adding to inflation worries and stretching household budgets, especially in fuel-importing regions like Asia. In Thailand, a worsening fuel shortage is threatning sacred funeral ceremonies.

Source: The Edge Markets March 18, 2026 04:32 UTC