Egypt raises fuel prices as part of IMF-backed reforms

Egypt raises fuel prices as part of IMF-backed reforms

Egypt has announced a 15-percent increase in petrol prices, which will come into effect on Friday, as part of a reform package requested by the International
Monetary Fund to proceed with a $5 billion loan to the cash-strapped
government.
Reporting by AFP said the announcement comes ahead of an IMF meeting on Monday to review the April payout package, unlocking $820 million in funds after Cairo received another such tranche of the loan in late June.

Great! You’ve successfully signed up.

Welcome back! You've successfully signed in.

You've successfully subscribed to MAGHREB INSIDER.

Success! Check your email for magic link to sign-in.

Success! Your billing info has been updated.

Your billing was not updated.