Fuel Price Raise To Increase Taxi Fares By 3-10% – CAPMAS

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has released a report saying that the recent increase in fuel prices will increase taxi fares by 3-10 percent.

The Egyptian government recently increased fuel prices by up to 75 percent in an effort to decrease the budget deficit and reduce an economic burden that has increased in the past three years due to political turmoil.

Cairo Governor Mostafa Saeed has promised that the raise would not affect public transport fares.

Egypt has also increased electricity prices.

Source: Aswat masriya