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flag Egypt raises fuel prices by up to 15%, aiming to cut subsidies as part of an IMF deal.

flag Egypt has raised fuel prices by up to 15% in 2025, a move aimed at reducing subsidies as required by the IMF's $8 billion support package. flag Prices for diesel, gasoline, and butane have increased, with the goal of eliminating all fuel subsidies by the end of 2025. flag This follows a rise in Egypt's annual inflation rate to 13.1% in March, primarily due to higher costs in food, housing, healthcare, and transportation. flag The IMF has been pushing Egypt to cut subsidies and expand social safety nets since 2016.

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