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View Full Version : Egypt's government raises fuel prices dramatically



Die Neue Zeit
5th July 2014, 14:28
http://money.msn.com/business-news/article.aspx?feed=AP&date=20140704&id=17752953


Egypt's government raised the prices of fuel by up to 78 percent starting Saturday, following on a promise to cut subsidies that eat up nearly a quarter of the state budget, the official news agency reported.

The article also noted that the greatest price hike was for 80 octane gas, and that there are still old, fuel-inefficient vehicles around that use this.