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HomeEconomyEgypt to Keep Electricity Prices Unchanged for Consumers Until Jan. 2024

Egypt to Keep Electricity Prices Unchanged for Consumers Until Jan. 2024


Egypt will keep electricity prices unchanged for consumers until Jan. 2024, the cabinet said in a statement on Thursday.

Egypt, however, has committed to deep cuts to energy subsidies and a range of monetary and fiscal reforms as part of a financial support package with the International Monetary Fund.

The country is currently grappling with power shortages as a heatwave drives up demand for cooling.

Source: Reuters

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