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Egypt raises fuel prices by up to 15%, aiming to cut subsidies as part of an IMF deal.
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.
Prices for diesel, gasoline, and butane have increased, with the goal of eliminating all fuel subsidies by the end of 2025.
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.
The IMF has been pushing Egypt to cut subsidies and expand social safety nets since 2016.
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Egipto aumenta los precios de los combustibles hasta en un 15%, con el objetivo de reducir las subvenciones como parte de un acuerdo del FMI.