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Written by Dina Khalid:
Ashraf Helal, head of the home appliances division at the Cairo Chamber of Commerce, said appliance manufacturers had increased their prices by 7 to 8%.
The government increased the price of petroleum products from 17.4% to 66.6% last month, depending on the type of petroleum product.
Mahmoud Al-Arabi, chairman of Al Arabi Electrical Appliances Co., said in an earlier statement that the company will not raise the price of its products because of rising fuel prices and that all uniforms [19659002] Hilal said that the increase was less than expected, with the expected increase between 10 and 15 percent. "But most companies have been acting quietly and wisely so that markets do not fall into recession."
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