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Egypt to begin restructuring energy subsidy system in July

: Tuesday, April 22 - 2014 @ 09:50

Egypt’s interim Prime Minister, Ibrahim Mahlab has announced plans to restructure energy subsidies as of July, coinciding with the coming fiscal year 2014/15, Ahram has reported. The new energy subsidy system would not touch the price of butane gas cylinders or electricity consumption charges for medium and low segments, said Mahlab. The government has not decided on raising petrol and fuel prices, he added.

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Tuesday, April 22- 2014 @ 9:50 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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