Grab Singapore will increase the minimum fare for its drivers by 50 cents with effect from Nov 24, in a bid to boost drivers' earnings on short-distance trips under 3km.The price increase will be fully funded by Grab and will have no impact on customer prices, said the private-hire company in a press release on Monday (Nov 17).All Grab services except for GrabHitch, 9-seater, 13- seater and hourly rental services, will be subject to the price increase.The minimum fare for JustGrab services, for example, will increase from $5.30 to $5.80. This increase in fares follows talks between Grab Singapore and the National Private Hire Vehicles Association (NPHVA), aiming to address lower earnings on short trips, where operational costs like fuel make up a larger share of the fare.The fare adjustment will translate to an increase of up to 9 per cent in drivers' minimum fare, according to Raven Lee, executive secretary of NPHVA. Read more