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Egyptian Cabinet says fuel price hike won’t affect public transport fares

: Monday, July 07 - 2014 @ 04:01

The Egyptian cabinet has said public transportation, including Cairo metro fares, would not be affected by the recent increase in the price of fuel, Ahram has reported. Egypt raised the prices of three widely used petroleum-derived fuels, octane 80 gas, octane 92 gas, and diesel, by up to 78%. Fares for privately run transport services, such as microbuses and taxi cabs, are expected to increase between 2 and 7%, according to estimates released by state-run statistics body CAPMAS. It also estimates that the effect of the 64% increase in the price of diesel, used by trucks, will also be minimal, raising transport costs by 2 to 5%, only.

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Monday, July 7- 2014 @ 4:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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