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How Egypt promotes its fuel price increase

An Egyptian government advertising campaign paves the way for a fuel price increase for the fifth time since President Abdel Fattah al-Sisi took power — but is this in the citizens’ best interest?
An Egyptian petrol station worker fills up a vehicle's tank in the capital Cairo on June 29, 2017.
Egypt announced a new sharp increase in fuel prices as it slashed government subsidies in a tough IMF-backed reform programme.  / AFP PHOTO / KHALED DESOUKI        (Photo credit should read KHALED DESOUKI/AFP/Getty Images)
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CAIRO — The Egyptian government announced July 5 an increase ranging between 16% and 30% of the price of fuel and petroleum products. This is the fifth increase in fuel prices since 2014, as part of what the government calls reforming the energy subsidies system.

The price of gasoline 92 octane rose by 18.5% to 8 Egyptian pounds ($0.50) per liter, gasoline 80 octane rose by around 22.7% to 6.75 pounds ($0.40) per liter, gasoline 95 octane rose by 16.1% to 9 pounds ($0.54) per liter and the price of diesel and kerosene rose to 6.75 pounds per liter at a rate of about 22.7%.

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