Egypt Plans Energy-Subsidy Reforms Before IMF Visit, Al Mal Says
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Egypt plans energy-subsidy reforms in two phases, the first to be implemented before an International Monetary Fund delegation arrives at the end of the month for talks on a $4.8 billion loan, Al Mal reported, citing an unidentified person with knowledge of the matter.
The prices of 95 octane gasoline, fuel oil used in factories and electricity consumed by households will be raised in the next few days, the newspaper said.