VOL. XXXIV

NO. 31

6-MAY-1991

Egypt

Egypt Announces Steep Increases in Oil Product Prices

Egypt announced steep increases in oil product prices on the local market,effective 3 May. The price of 90-octane gasoline was raised from 60 to 80piasters (about 25 cents at the rate of $1.00=E3.1886) a liter, and that of80- octane gasoline from 55 to 70 piasters (about 22 cents) a liter. Gas/dieseloil and kerosene prices were doubled to 20 piasters (about 6.3 cents) a liter,and the price of fuel oil was...