Suez Canal Authority announced that transit fees will raise by 10 – 15 %
The decision was made due to the current high rates of global inflation, which increased the cost of operation, maintenance, and navigations in the Canal, according to Osama Rabie, Chairman of the Suez Canal Authority. The increase in transit fees will take effect in January 2023 and will be between 10 and 15 percent. The decision was made due to the current high rates of global inflation, which increased the cost of operation, maintenance, and navigations in the Canal, according to Rabie. The increase in transit fees will take effect in January 2023 and will be between 10 and 15 percent.
