CAIRO: Ministry of Transportation will increase ticket prices of the air conditioned trains by 15 to 20 percent and double the tickets prices of the Metro, Youm7 reported Thursday.
Without prior notice and following on a promise to cut subsidies, the government raised Saturday the fuel prices by 78 percent.
The ministry also conducted a comprehensive study to raise the metro ticket prices from 1EGP to 2EGP and to set the ticket price according to the distance, said the source adding that no formal procedures to raise the tickets have been taken yet.
Sources from within the Ministry of Petroleum gave conflicting statements last June about the increase of fuel prices in the upcoming period, saying that it will increase and others say that it will not increase.
The new increase in fuel prices ranged from 0.40 EGP ($0.06) to 0.75 EGP per liter.
According to the new pricing structure, the price of 92 octane gasoline, which sold at 1.85 EGP a liter, was raised to 2.6 EGP and 80 octane gas from 0.9 EGP to 1.6 EGP per liter.
The price of diesel was raised from 1.1 EGP to 1.8 EGP per liter.