#cutting fuel subsidies
A senior Egyptian official revealed to Bloomberg that Egypt will lift the subsidy for the 95 octane gasoline in March and the new prices will be announced by the end of the month. According to the anonymous official, the government plans to lift the subsidy off of the other grades of gasoline, 92 octane and 89 octane, in September 2019. The new prices, however will be announced next summer. The International Monetary Fund (IMF) delayed its fifth installment of the…
