Sunday, July 6, 2014

Egyptian govt says public transport fares immune to price hikes

Egypt government doing the right thing. But why?

Ahram Online: "An increase in the price of fuel will not affect public transport costs, Egyptian government officials stated in the face of public concern after the prices of subsidised gasoline were raised on Friday night.
Egypt raised the prices of three widely used petroleum-derived fuels, octane 80 gas, octane 92 gas, and diesel, by up to 78 percent.

Cabinet spokesperson Hossam Gaweesh announced that public transportation, including Cairo metro fares, would not be affected by the price hikes."