– Effective August 1, 2024, Egypt’s National Authority for Tunnels has raised metro ticket prices by 15%, impacting various travel distances. The new fares are 8 pounds for up to 9 stations, 10 pounds for 10 to 16 stations, 15 pounds for 17 to 23 stations, and 20 pounds for journeys exceeding 23 stations.

– The Petroleum Pricing Committee announced an increase in fuel prices on July 25,. The new prices are EGP 12.25 per liter for 80-octane gasoline, EGP 13.75 for 92-octane, EGP 15 for 95-octane, and EGP 11.5 for diesel, reflecting adjustments due to global oil price changes and subsidy reforms.

– These price increases are part of broader economic reforms in Egypt aimed at balancing the national budget, reducing subsidies, and attracting investment. The adjustments are expected to influence the cost of living and are critical for the country’s fiscal sustainability and infrastructure development.

Egypt’s National Authority for Tunnels has raised metro ticket prices by 15%, starting August 1.

The updated fare structure is as follows: tickets for up to 9 stations will now cost 8 pounds, up from 6 pounds; tickets for 10 to 16 stations will be 10 pounds, up from 8 pounds; tickets for 17 to 23 stations will cost 15 pounds, up from 12 pounds; and tickets for more than 23 stations will be 20 pounds.

On July 25, the Petroleum Pricing Committee announced a hike in gasoline prices. The price per liter of 80-octane gasoline has increased to EGP 12.25, 92-octane to EGP 13.75, 95-octane to EGP 15, and diesel to EGP 11.5. These adjustments are in response to global oil price fluctuations, subsidies reform, and the need to balance the national budget

The increase in transportation costs is likely to have a significant impact on the cost of living, influencing the daily expenses of Egyptians.

It also reflects the government’s strategy to gradually reduce subsidies and move towards more sustainable fiscal policies. These changes are critical as Egypt navigates through economic reforms and seeks to attract investment, improve public services, and stabilize its economy.

This move is part of a larger trend in the country where the government is adjusting prices to cope with economic pressures.