Careem, the transportation app, raised the prices of its services to cope with the fuel price hikes.
According to the company, the minimum tariff on the Go service is set at EGP 5.5 while the price per km is set to EGP 2.21 and waiting time to EGP 46 per hour. The minimum trip will cost EGP 12, up from EGP 10.
Previously, the prices were EGP 4.75 to start a trip, while the price of km was at EGP 1.81 and EGP 33 for waiting.
The Go Plus services also increased to EGP 7.5 for starting a trip, with a km price at EGP 2.61, waiting cost at EGP 48, and a minimum cost of trip of EGP 16.
The new prices are hiked from EGP 6.26 to start a trip, while the price per km was at EGP 2.2.
The main competitor, Uber, has not yet announced any amendments in tariff, but Abdel Latif Wakid told Daily News Egypt that the company is still studying mechanisms to raise prices to offset the fuel price hikes. He did not stipulate a time.
The government decided to increase the price of fuel at the end of June, 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. The price of the cubic metre of gas for cars was lifted from EGP 1.6 to EGP 2. Moreover, the price of gasoline 95 increased from EGP 6.25 to EGP 6.6, while the LNG cylinders increased to EGP 30 up from EGP 15.