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Egypt Raises Domestic Fuel Prices By Up To 15% Before IMF Review

admin-augaf by admin-augaf
July 25, 2024
in Business, Finance
Reading Time: 1 min read
0
Bangladesh Forex Flexibility to Help Fight External Shocks, IMF Says
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CAIRO, July 25 2024 : Egypt raised the prices of a wide range of fuel products on Thursday, the official gazette said, four days before the International Monetary Fund (IMF) conducts a third review of its expanded $8 billion loan programme for the country.

The official gazette, citing the petroleum ministry, said petrol prices increased by up to 15% per litre, with 80 octane rising to 12.25 Egyptian pounds ($0.25), 92 octane to 13.75 pounds and 95 octane to 15 pounds.

Source: Reuters
Tags: IMF
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