Egyptian Prime Minister Mustafa Madbouly said Tuesday that his government had to raise fuel prices to make sure local production continues and the economy remains stable.
Madbouly said during a cabinet meeting that the government faced a choice between maintaining current fuel prices — a move that would have imposed heavy costs on the state — or raising them to shield industrial and business operations from the repercussions of the U.S.–Israel war on Iran.
Madbouly said during a cabinet meeting that the government faced a choice between maintaining current fuel prices — a move that would have imposed heavy costs on the state — or raising them to shield industrial and business operations from the repercussions of the U.S.–Israel war on Iran.
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