Egypt raising fuel prices by up to 50 per cent, energy ministry says

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Egypt raising fuel prices by up to 50 per cent, energy ministry says

18 June 2018, Cairo – Egypt has announced it was raising fuel prices by as much as 50 percent, under a reform plan backed by the International Monetary Fund that provides for cutting state subsidies on some consumer products. The Energy Ministry said that 95 octane was increased to 7.75 Egyptian pounds ($0.4354) a litre …

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