Egypt to raise power prices by 14.9%

Author: 

Reuters

ID: 

1558432847537103100

Tue, 2019-05-21 09:54

CAIRO: Egypt will raise electricity prices by an average of 14.9 percent in the 2019-2020 fiscal year beginning in July, Electricity Minister Mohamed Shaker said on Tuesday.
Egypt has committed to deep cuts to energy subsidies as part of a three-year, $12 billion IMF loan program it began in late 2016.

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electricity

Egypt

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