Egypt will not increase fuel prices this financial year: FinMin

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Egypt will not hike prices on fuel products during the current financial year that began in July, the country’s Finance Minister Amr el-Garhy said Wednesday.

In a review of Egypt’s $12 billion International Monetary Fund loan programme, the IMF said on Tuesday that reforms were on track but that it had granted waivers for certain targets in June, including for the country’s fuel subsidy bill.

Source: Reuters