Egypt increases fuel prices by 10% to 17%
- Fuel prices in Egypt increased by up to 17% on October 18, marking the third hike in 2024, according to a statement by the Ministry of Petroleum and Mineral Resources.
- Prime Minister Mostafa Madbouly stated that these adjustments aim to phase out fuel subsidies by the end of 2025 as part of a broader plan.
- The fuel price hike aligns with the IMF's recommendations after a $5 billion loan program approval in March 2024.
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Coverage Details
Total News Sources0
Leaning Left3Leaning Right2Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 17%
R 33%
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