US-based ride hailing company Uber has increased their fare prices of some of its services in Egypt on Tuesday due to a fuel price hike.
According to an email sent to their clients, the fare prices for its “Uber X” and “Uber comfort” in Cairo and Alexandria have increased.
The base fare for an average UberX ride in Cairo rose from EGP 7.50 to EGP 8, and the price per kilometer to EGP 3.05 from EGP 2.85.
The base fare for more luxurious Uber Comfort rides rose to EGP 11.80 from EGP 11, and the price per kilometre to EGP 4.30 from EGP 4.
For an UberX ride in Alexandria, the new base fare costs EGP 8 from EGP 7.25, with EGP 2.90 per kilometer from the previous EGP 2.60.
The announcement by Uber comes a few weeks after Egypt’s price-setting fuel committee slightly increased fuel prices for the first time since it was formed in October 2019 after Egypt completed its fuel subsidy reforms.
The new prices are EGP 6.75 for 80 octane gasoline, EGP 8 for 92 octane gasoline, and EGP 9 for 95 octane gasoline.
This is the second time Uber raises the prices of its service in Egypt in 2021.
Uber increased their fare prices in May in Egypt after the country’s price-setting committee slightly hiked fuel prices in April for the first time since the conclusion of the fuel subsidy reforms.
In April, the committee increased gasoline prices by 25 piasters per litre as part of the committee’s implementation of the automatic pricing of petroleum products mechanism on a quarterly basis.