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Egypt to raise diesel fuel, gas subsidies

Cairo, May 19, 2011

Egypt says it plans to increase diesel fuel and natural gas subsidies by 50 per cent in the financial year that begins on July 1, according to a report in our sister newspaper Gulf Daily News.

In recent days, drivers have been forced to form long queues in front of the country’s petrol stations as fuel supplies fall short of demand.




Tags: Egypt | economy | retail | diesel fuel | natural gas subsidies |

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