Egypt Raises Energy Prices by as Much as 78% to Cut Spending - Bloomberg

#Energy

Reuters

Egypt Raises Energy Prices by as Much as 78% to Cut Spending Bloomberg Former President Mohamed Mursi, who was ousted a year ago, steered clear of implementing a sweeping increase in energy prices while his predecessor, Hosni Mubarak, also resisted the steps despite a grip on power that lasted almost 30 years. Egypt to raise energy prices "within days" - minister Egypt cuts natural gas subsidies to factories

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