Egypt aims to keep diesel prices subsidized
7/31/2024 12:00:00 PM
Egypt will aim to keep the price of diesel - one of the country's most commonly used fuels - subsidized by raising other petrol prices, Prime Minister Mostafa Madbouly said in a televised round table with journalists on Tuesday.
Egypt raised domestic fuel prices last week by up to 15% ahead of an IMF review, with diesel showing the biggest increase, rising to 11.50 Egyptian pounds ($0.24) per litre, up from 10 pounds.
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