For Free Headlines Submit Your Email
Thursday, June 29, 2017 15:49 GMT
Egypt's government on Thursday increased gasoline and diesel prices, in the second fuel hike since the currency was floated in November and the latest cut in state subsidies to ease the budget deficit, Petroleum Minister Tarek El Molla told Reuters. Molla said the price of 92-octane gasoline rose to 5 Egyptian pounds (US$0.2767) from 3.5 pounds (US$0.1936) per liter and diesel and 80-octane, the most commonly used fuel category, increased to 3.65 pounds (US$0.2019) per liter from 2.35 pounds...More