02:09 AM Friday, November 03, 2023
125 piasters is an increase in gasoline 92… and Al-Sisi refuses an increase
Books – Muhammad Sami:
The government will begin implementing the new gasoline prices at eight o’clock this morning, Friday, after raising them, bringing the price of a liter of gasoline 80 to 10 pounds, an increase of 1.25 pounds, the price of a liter of gasoline 92 to 11.5 pounds, an increase of 1.25 pounds, and the price of a liter of gasoline 95 to 12.5 pounds, an increase of one pound.
Out of concern for low-income people; President Abdel Fattah El-Sisi rejected the government’s request to move the price of diesel, directing the government to rationalize spending on fuel by 50%.
The Israeli war on the Gaza Strip caused an increase in global oil and gas prices, which threatens a global crisis as a result of the decline in fuel supplies, which increases the longer the war on the Gaza Strip continues, and the size of the current conflict and the possibility of it moving to other regions in the Arab and regional regions, which may It is pushing oil prices above $150 a barrel, compared to about $90 currently, according to experts.
During the current year, Egypt was affected by the global economic crisis caused by the Russian war on Ukraine, as well as the disturbances in the global supply chains that occurred in the Corona years, and contributed to an increase in economic challenges, a decline in global financial markets, and levels of the financial deficit and global debt rose, and most central banks adopted… In the world, there are tight monetary policies to confront rising prices and negative economic consequences, including significant increases in interest rates and increased borrowing costs, which has led to increased debt servicing burdens.
2023-11-03 00:09:00
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