Saturday, 5 July 2014

BBC News - Egypt raises fuel and electricity costs

BBC News - Egypt raises fuel and electricity costs:



"Egypt has introduced electricity and fuel price increases in a move to cut state subsidies and reduce the budget deficit.



Some fuel tariffs are reported to be increasing by 78% while electricity prices are expected to almost double within five years.



The government currently sells electricity for less than half its production cost."



'via Blog this'

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