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Sunday, 24 February 2019

Government to raise electricity prices next July

Reminder: Electricity prices are going up again in July: Electricity Minister Mohamed Shaker reminded the House Energy and Environment committee that the government plans to raise electricity prices in July, the local press reports. A government official told us earlier this month that the state spending on subsidies is going to decline to EGP 321 bn in the FY2019-20 budget from EGP 332 in the current fiscal year. The government raised electricity prices by about 26% last July.

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