Egypt ranks second in the Arab world and ranks fifth in the list of lowest prices for gasoline

Cairo – Essam Badawi

Egypt ranks second in the Arab world and ranks fifth in the world's lowest price list for gasoline, at $ 0.43 per liter of gasoline.

The report, obtained by "Al Watan", shows that Kuwait tops the Arab list and ranks third in the world, priced at $ 0.35 per liter of gasoline.

The Kingdom of Saudi Arabia ranked sixth in the world and third Arab, with a petrol price of about 0.54 dollar per liter. The UAE ranked ninth in the world and fourth Arab after the price of gasoline at $ 0.68 per liter.

was the first on the list in terms of Venezuela's lowest price of $ 0.01 per liter, followed by Iran at $ 0.28 per liter, then Kuwait's $ 0.35 per liter the liter and Nigeria of 0.41 dollar per liter.

Malaysia ranked seventh at $ 0.50 per liter, followed by Indonesia at $ 0.67 per liter, while Russia ranked tenth at $ 0.72 per liter.

while Hong Kong ranked first among the highest gasoline prices at $ 2.09 per liter, followed by Norway at $ 2.22 per liter and the Netherlands at 1 per cent, 93 dollars a liter.

The Egyptian government increased fuel prices in mid-June, approving the second day of Eid al-Fitr's holiday at 50%, with a 95% increase of 7.75 pounds on liter of 6.60 pounds and 92 tons per liter. Pounds, and benz 80 at around 5.50 pounds per liter of 3.65 pounds.

The Egyptian government is implementing a program of economic reforms under a loan agreement with the International Monetary Fund of £ 12 billion and is implementing several measures for the implementation of its program. The fuel is about three times in less than two years.

Egyptian Finance Minister, Mohamed Meit, was suspended at the time, claiming that "the decision could provide the state treasury with about 50 billion pounds in the course of l '. year 2018/2019 ".