FILE - Fuel Station in Egypt FILE - Fuel Station in Egypt

Egyptian gov’t sets new transportation fares, controls violations

Sun, Jun. 17, 2018
CAIRO – 17 June 2018: Following the decision of raising fuel prices for the fourth time since 2014, the Egyptian government is intensifying its control campaigns on the markets to ensure the commitment of gas stations’ workers and drivers of different means of transportation to the new prices.

Prime Minister Mostafa Madbouli announced Saturday that the increase in transportation fares will be around 10 to 20 percent, stating that most governors have set the new fares and they will be announced on public stations.

Consumer Protection Agency (CPA) is responsible for ensuring that the drivers comply with the prescribed fare approved by the governors in each governorates, Head of CPA Rady Abdel Moaty said.

Any detected violation will be forwarded to the prosecution to take legal action against the violator, Abdel Moaty added.

He added that the 19588 hotline will receive any complaints from citizens regarding tariff rates or high prices, without any justification, in addition to receiving complaints on the following WhatsApp number: 01281661880.

Head of Assay & Weights Administration Abdullah Montaser, which is affiliated to the Ministry of Supply and Internal Trade, revealed the sealing of 40 fuel stations during the past few days, because of the manipulation of the counter calibrations, which harm the consumer.

New Transportation fare among governorates

In Assiut, Governor Yassir el-Desouky announced the new internal and external transportation fare among the governorate with an increase of 15 to 20 percent.

The fare rate between Assiut governorate and other governorates is LE 90 to Cairo Governorate, LE 80 to Hurghada, LE 45 to Qena, LE 40 to Nagy Hamadi, LE 35 to New Valley, LE 20 to Sohag, LE 21 to Menia and LE 15 to Mallawi.

While the fare between Port Said Governorates and other governorates became LE 50 to Cairo, LE 22 to Ismailia, LE 40 to Suez and Zagazig, and LE 58 to Alexandria.
Other governorates are going to announce the new fares once they are approved by the governor.

New Fuel Prices

The Cabinet announced on Saturday, which corresponds to the second day of Eid el-Fitr, the new prices of fuel, as the subsidy on fuel is being decreased gradually.

Gasoline 95 prices went up from LE 6.6 ($ 0.37) per liter to LE 7.7, while 92 octane gasoline prices amounted to LE 6.75 instead of LE 5 per liter. Prices of gasoline 80's liter increased to LE 5.5 instead of LE 3.65, the newly-appointed government said in its first move since taking oath Thursday.

The price of diesel will be LE 5.5 a liter instead of LE 3.65, while the price of natural gas used for vehicles rose to LE 2.75 per cubic meter instead of LE 2.

Meanwhile, the government has announced raising the price of the cooking gas cylinder to LE 50 instead of LE 30 and the commercial gas cylinder's prices surged to LE 100 instead of LE 60.

Egypt embarked on a bold economic reform program that included the introduction of taxes, such as the value-added tax (VAT), and cutting energy subsidies, with the aim of trimming the budget deficit.

The country has floated its currency in November 2016 before it clinched a $12 billion loan from the International Monetary Fund (IMF).

The IMF loan helped the state’s foreign reserves to rebound by receiving the first three tranches of the loan with a total value of $6.08 billion.

 
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