Egypt plans to double the price of tickets for millions of commuters on Cairo’s loss-making metro by 100 percent in 2018, Transport Minister Hisham Arafat said Sunday.
The new prices of metro tickets will be effective in 2018 to range between two, three, and four Egyptian pounds (0.112, 0.168, and 0.224 cents) depending on the number of the stations the passenger would use, Arafat further told local newspaper Al-Masry Al-Youm.
The move comes just one week after Egypt announced fuel and gasoline price hikes by up to 42 percent for households as part of a government reform programme that will include removing power subsidies entirely over the next few years. The government announced three days earlier another rise in electricity prices by up to 42 percent.
