Source: Egyptian Institute for Studies
Author(s):
Orignal Link: https://en.eipss-eg.org/egypts-tough-economic-measures/
A new mechanism to control fuel prices periodically will be applied, taking into account the changes of exchange rates as well as the fluctuations in the global oil markets, which will lead not only to a new increase in fuel prices by December at the latest, but also to a radical restructuring of the Egyptian fuel market. Perhaps the issue of raising fuel prices is most relevant to the daily life of Egyptians who have suffered so much from the rising costs of living throughout 2017 with an inflation rate of more than 35%, surpassing the most pessimistic scenarios of the IMF.
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