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The Ministry of Transport has announced a price increase for metro tickets, effective Thursday, August 1. The new prices are as follows: a ticket for up to 9 stations will cost EGP 8, up from EGP 6; a ticket for 10 to 16 stations will now cost EGP 10, previously EGP 8; for 17 to 23 stations, the price will rise to EGP 15, previously EGP 12; and tickets for journeys exceeding 23 stations will be priced at EGP 20. This change marks the second fare increase this year, following a previous increase in January. Additionally, last month saw a rise in various petroleum product prices, with Octane 80 increasing from EGP 11 to EGP 12.25, Octane 92 from EGP 12.5 to EGP 13.75, Octane 95 from EGP 13.5 to EGP 15.5, and Diesel from EGP 10 to EGP 11.5. These adjustments are attributed to the global surge in oil prices linked to the Gaza conflict and the ongoing effects of the Russian-Ukrainian war. This is the first fuel price hike in Egypt for 2024.