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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt Keeps Fuel Prices Unchanged until Year End

A gas station in the Egyptian capital, Cairo (Reuters)

Egypt fixed gasoline prices on Saturday, for a period of 3 months until the end of this year, as a result of global economic conditions and their repercussions on the oil markets.

The decision comes after three consecutive price increases, and the devaluation of the local currency against the dollar, despite a preliminary agreement with the International Monetary Fund (IMF) on a loan ranging from 3 to 7 billion dollars.

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