#oil minister
Egypt’s government seeks to remove subsidies on petroleum products within the coming years, Oil Minister Tarek El Molla told reporters on Sunday. While partly keeping subsidies on certain gasoline products, the minister said the government intends to lift gas subsidies altogether within the next five to ten years. He, however, reiterated that the government is not planning to raise the price of fuel during the current fiscal year, which ends on June 30, 2018. “There will be no increase in…
