Uber hikes fares and price per kilometer, says it’s still the most affordable ridesharing app

Uber has decided to raise its starting fare to EGP 5 from EGP 4 for its regular service and EGP 6 from EGP 5 for its premium service, Al Borsa reported. The company has also raised the price per kilometer by EGP 1.5 and EGP 1.7 for the regular and premium services, respectively. The company issued a statement noting that despite the hikes, it “remains the most affordable ride in town.” We noted last month that Cab service apps Careem and Ousta had filed a complaint against Uber with the Egyptian Competition Authority for refusing to raise its fares before the end of January 2017.