Giza approves new transportation fares after fuel price hike

CAIRO – 1 July 2017: Following Thursday's fuel price hikes, Giza governorate announced on Friday new transportation fares to cope with the recent increase.

The governorate said the white taxi's meters will now start from LE 5 instead of LE 4 for a one kilometer journey, with each subsequent kilometer priced at LE 2, up 25 piastres from the previous rate of LE 1.75.

It also approved a new fare for micro-buses with an increase of 7 percent to 20 percent for long distances, and 25 to 75 piasters increase for short distances, starting from today.

Minister of Petroleum Tarek El-Molla announced in a Thursday press conference that new prices for natural gas piped into households and commercial sector will be applied starting from July, part of a package of government economic reforms.

In addition, an increase in fuel prices were applied as price of 80-octane gasoline soared from LE 1.60 ($0.08) to LE 3.65 per liter, while the 92-octane increased from LE 3.50 to LE 5.00 per liter.