VOL. XXXI

NO. 33

23-MAY-1988

EGYPT

33.3-40% Hike in Gasoline Prices

Effective 15 May, Egypt raised the price of premium gasoline (90 octane) by33.3% to 40 piasters from 30 piasters a liter, and that of ordinary gasoline (80octane) by 40% to 35 piasters from 25 piasters a liter. Commenting on the priceincreases, Egyptian Oil Minister Abd El-Hady Kandil said that, in addition torealizing savings in the local consumption of gasoline, they are expected toprovide the Egyptian treasury with an...