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Taxi drivers argue during a refueling at a gas station in Cairo, Egypt on Thursday, June 29, 2017. Egypt has raised fuel prices up to 55 % Thursday, the second increase since the local currency was seven months ago, the country has been debating with a series of economic problems, including a double-digit inflation rate. (AP Photo / Amr Nabil)
Dubai, United Arab Emirates (CNN) – The Egyptian government on Saturday increased the price of natural gas used in homes and businesses at rates ranging from 33.5% to 75%.
Including fuel, electricity, water and sanitation and a number of services, including mobile phone lines, to reduce the budget deficit and implement an economic reform program in coordination with the International Monetary Fund.
According to the ruling, published in current The price of cubic meters of natural gas in the first tranche rose to 30 cubic meters to reach 175 piastres (9.6 cents) instead of 100 piastres (6 cents), a 75% increase The cubic meter natural gas price for the second tranche, which ranges from 30 cubic meters to 60 meters, increased by 43 per cent to 250 piastres (14 cents) instead of 175 piastres (9.6 cents). compared with 14 percent an increase imposed by the government last year on this segment.
The Third Slice of Consumption, The price of the meter rose 33.5 percent to three pounds (17 cents) instead of 225 piastres (13 cents), after increasing by 12.5 percent. 39, last year.
The Egyptian Ministry of Petroleum Estimated The number of natural gas houses at the end of 2017 is estimated at 8.3 million households, including 2.7 million in the last four years. gas to 5 million additional homes to supply 50% of Egyptian needs. , As the country approaches the self-sufficiency of natural gas, supported by modern discoveries and in advance
Source: www.cnn.com
More … information about this on the following links:
bbcarabic.com: Egypt Raises Gas Prices Up To 75% From the Month of August
arabic.cnn.com : Why did natural gas prices rise in Egypt despite new discoveries?
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