VOL. XXXIII

NO. 31

7-MAY-1990

Egypt

131% Hike in Price of Butane

Egypt has raised the domestic price of butane gas by 130.8% in the latestmove to meet IMF demands for economic reforms and cuts in state subsidies. Anofficial announcement on 3 May set the price of home-delivered gas cylinders atE1.50 (about 57 cents), up from E0.65 (about 25 cents). It follows a riseof up to 20% last week in the price of locally manufactured cigarettes. Statesubsidies on basic food and energy items are officially...