Egypt to increase electricity and petrol prices in July | Egypt to increase electricity and petrol prices in July -
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Egypt to increase electricity and petrol prices in July

: Monday, June 30 - 2014 @ 05:35

Egyptian planning minister, Ashraf El-Araby has said the government is planning to increase the prices of electricity and all state-subsidised fuels with the start of the 2014-2015 fiscal year next month, Reuters has reported. The cabinet plans to “introduce a series of measures designed to definitively tackle the budget deficit,” including a rise in electricity prices for higher-consuming segments of the population and a re-pricing of all petroleum products, the minister told reporters. The government’s ultimate aim is to completely liberalise prices within the next three to five years, said El-Araby.

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Monday, June 30- 2014 @ 5:35 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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