21 Jun 2018 | 05:07 AM UTC
Egypt: Public transportation fees increase
Egyptian government announces increase in public transportation fees, fuel, and cooking gas on June 16 as part of economic reforms; protests possible
Event
Egyptian Prime Minister Mostafa Madbouly announced on Saturday, June 16, that public transportation fees will increase due to higher fuel costs. Fares for minibuses will rise by 10-20 percent after the government reduced subsidies for fuel. Prices for fuel and cooking oil are expected to increase by 17-66 percent. Demonstrations against the rising costs are possible in Egypt, particularly in Cairo.
Context
The increase in transportation fares and fuel costs are part of a three-year economic reform plan and a loan agreement with the IMF. It is the third fuel subsidy cut by the government since November 2016.
Advice
Individuals in Egypt are advised to monitor the situation and avoid all demonstrations as a precaution.
