Finally Some Action on Subsidies in Egypt
By
Mohsin Khan and Svetlana Milbert
As part of the budget for the current fiscal year 2014/2015, the Egyptian government took a bold step to reduce fuel subsidies on July 4. Gasoline prices were increased by an average of 42 percent, with the lowest octane gasoline price rising by 78 percent, diesel by 64 percent, and compressed natural gas by 175 […]