EGYPT ENERGY FUEL PRICES HIKE

moa 2024. 7. 25. 20:24
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Egypt increases fuel prices

epa11495540 A gas station attendant counts banknotes next to a paper announcing new fuel prices, in Cairo, Egypt, 25 July 2024. The Egyptian government announced an increase of all fuel prices by 10 to 15 percent effective 25 July 2024. The increase, announced by the Ministry of Petroleum, came one day after Prime Minister Mostafa Madbouly said the government will 'gradually increase' petroleum products prices to completely end subsidies by December 2025. The International Monetary Fund's (IMF) Executive Board is expected to review Egypt's economic reform program at a meeting scheduled for 29 July, as part of reviews of Extended Fund Facility (EFF) arrangement that was increased by about five billion USD earlier this year. EPA/MOHAMED HOSSAM

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