Mahmoud Nagi, the Deputy Minister of Petroleum and Mineral Resources for Transportation and Marketing, explained the reasons behind the fuel price increase that took effect on Thursday. Nagi attributed the price hike to global crises and tensions that have impacted global prices, particularly those of oil, in recent years. He added in an interview with the Extra News Channel that the cost of transporting petroleum products within the country has increased, and that the Egyptian state has been providing gasoline and diesel to citizens at very low prices. Nagi emphasized that Egypt is among the top three or four countries with the lowest petroleum product prices globally, placing a significant
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