Dr. Mostafa Madbouly, Prime Minister of Egypt, stated that the recent developments in petroleum product prices necessitate a review of state subsidies. He emphasized that the government is closely monitoring global market conditions and taking measures to protect citizens from adverse effects. Madbouly added that subsidies will be adjusted to ensure they reach the most vulnerable populations. "We will not allow the citizens of Egypt to suffer from global economic shocks," the Prime Minister stated. He also noted that the government is working on long-term strategies to enhance the resilience of the national economy.
