July 23, 2017

Careem is studying new fare scheme with specified increase percentages

Careem logo
By Zizolo0ol (Own work) [CC BY-SA 4.0], via Wikimedia Commons

Following the recent fuel price increase announced by the Egyptian Cabinet on Thursday, Careem confirms that it will not be possible for both the company and the “Captains” (drivers) to bear this increase. Correspondingly, the company is studying a new fare scheme with specified increase percentages and will announce the new prices at the suitable time. Ramy Kato, head of Careem Egypt operations and vice president of Careem Care, said that Careem aims to provide a proper income for its Captains, while maintaining relatively affordable fares for its customers.

The government decided to increase the price of fuel, starting at 8 am on Thursday, where the price of a litre of gasoline 92 rose to EGP 5, up from EGP 3.5. The price of gasoline 80 and diesel fuel both increased from EGP 2.35 to EGP 3.65. And the price of the cubic metre of gas for cars was lifted from EGP 1.6 to EGP 2, according to Minister of Petroleum Tarek El Molla.

Moreover, the price of gasoline 95 increased from EGP 6.25 to EGP 6.6, while the liquefied natural gas (LNG) cylinders increased to EGP 30, up from EGP 15.

The Egyptian General Petroleum Corporation (EGPC) has estimated the fuel […]

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