Part-NIC-Nic6346173-1-1-0

Egypt increases fuel prices after devaluation

Egypt's oil ministry announced increases in prices of subsidised petroleum products as part of broader financial reformsFuel prices were to rise dramatically in Egypt on Friday after the central bank floated the currency to address a dollar crunch that has threatened to cause some imports to grind to a halt. The oil ministry announced the increases in prices of subsidised petroleum products late Thursday as part of broader financial reforms. The government of President Abdel Fattah al-Sisi is rolling out an austerity programme and seeking billions in support from abroad in order to meet conditions for a $12 billion loan from the International Monetary Fund.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 2 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article