Egypt raises gasoline, diesel prices for third time this year ...Kuwait

Egypt raised fuel product prices on Friday for the third time this year as it continues to cut back on diesel and gasoline subsidies, but said it would cover the additional energy costs for bakers of subsidised bread. Diesel and gasoline prices will increase by between 11% to 17% effective immediately, the government said. "The state will continue to bear the difference in production costs and pay them to bakery owners through the General Authority for Supply Commodities," Supply Minister Sherif Farouk said in a statement. Diesel, one of the most commonly used fuels in the country, saw the biggest increase, to 13.50 Egyptian pounds ($0.2779) per litre from 11.50 pound

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Last updated : 19 October 2024 clock 04:16 AM

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Egypt raises gasoline, diesel prices for third time this year ...Kuwait

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