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Buenos Aires raises subway fares by 127%

In U.S. currency, the fare is going from 25 cents to 58 cents.

The Buenos Aires Herald reports: Following the subway and over-rail transfer on Tuesday to the centre-right Buenos Aires City government, it was revealed yesterday that fares would be subject to a considerable hike, increasing from 1.10 pesos a journey to 2.50 pesos from Friday onwards. The increase will effect the estimated 1.6 daily commuters who use the service.

Mayor Mauricio Macri’s administration issued a press release announcing the 127 percent hike was in order to “ensure delivery of the service.”

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