Published 1 month ago

Egypt increases fuel prices following depreciation of local currency

Egypt faced significant economic challenges including rising fuel prices, currency depreciation, and high inflation rates.
The International Monetary Fund urged Egypt to implement austerity measures and reduce subsidies to stabilize the economy.
Houthi attacks on Red Sea shipping routes negatively impacted Suez Canal revenues, affecting Egypt's foreign currency reserves.

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Associated Press News

Egypt increases fuel prices following depreciation of local currency

The Egyptian government has raised fuel prices in a move that is bound to exacerbate inflationary pressures on an already-struggling population.

1 month ago·United States

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abc News

Egypt increases fuel prices following depreciation of local currency

The Egyptian government has raised fuel prices in a move that is bound to exacerbate inflationary pressures on an already-struggling population

1 month ago·United States

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KIFI

Egypt increases fuel prices following depreciation of local currency

By NOHA ELHENNAWY Associated Press CAIRO (AP) — The Egyptian government has raised fuel prices in a move that is bound to exacerbate inflationary pressures on an already-struggling population. The new prices came into effect Friday morning. The Egyptian economy has been hit hard by years of government austerity, the coronavirus pandemic, the fallout from Russia’s invasion of Ukraine, and most recently, the Israel-Hamas war in Gaza. Houthi attack…

1 month ago·Idaho Falls, United States

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Winnipeg Free Press

Egypt increases fuel prices following depreciation of local currency

CAIRO (AP) — The Egyptian government raised fuel prices on Friday in a move that is bound to exacerbate inflationary pressures on an already-struggling population. The new prices were announced […]

1 month ago·Winnipeg, Canada

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Arab News

Egypt raises fuel prices, according to official gazette

CAIRO: Egypt’s fuel pricing committee in a quarterly review early on Friday raised domestic fuel prices by 11.00 Egyptian pounds ($0.24) for 80-octane, 12.50 pounds for 92 octane petrol, 13.50 pounds for 95-octane petrol, and 10.00 pounds for diesel, the official gazette reported citing the petroleum ministry. The Petroleum Ministry’s decision also set the consumer price of butane cooking gas at 100 pounds per cylinder.

1 month ago·Riyadh, Saudi Arabia

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Star Tribune

Egypt increases fuel prices following depreciation of local currency

The Egyptian government raised fuel prices on Friday in a move that is bound to exacerbate inflationary pressures on an already-struggling population.

1 month ago·Minneapolis, United States

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