Economy Country October 23, 2024

Egypt Will Not Raise Fuel Prices for Six Months

Egypt's Minister of Petroleum, Karim Badawy, announced that the country does not intend to increase fuel prices in the next six months during a televised speech.


Egypt Will Not Raise Fuel Prices for Six Months

In a televised appearance, Egypt's Minister of Petroleum, Karim Hafez Badie, stated that the country does not plan to increase prices for petroleum products in the coming six months.

Badie noted: "We calculate that we will be able to maintain stable prices for gasoline and other oil products in the near future to alleviate the burden on the population in conditions of economic uncertainty."

Emphasizing the importance of the social aspect of this decision, the minister stressed that this measure will help strengthen the welfare of citizens and reduce pressure on the population.

This announcement came during a series of discussions on the country's energy policy and its impact on the economy and the lives of ordinary people.