#economy egypt
Prime Minister, Mostafa Madbouly, announced that after the recent fuel price hike, the third in 2024, Egypt’s government would hold off on any further increases until the end of 2025, provided that global oil prices remain stable at an average of USD 73 (EGP 3,547) per barrel. The Ministry of Petroleum and Mineral Resources announced a fuel price hike on 18 October, with the new rates taking effect immediately. Plans to reduce fuel subsidies had been calculated with oil prices…
