A week after increasing power prices, Cairo has hiked prices for transport fuels by 50% as it attempts to completely remove energy subsides by 2020-21.

Cairo on 16 June hiked retail prices for gasoline, diesel and LPG with immediate effect.The painful measures follow the previous week’s announcement of 20-30% hikes to power prices (MEES, 15 June). Egypt has pledged to phase out energy subsidies as part of a $12bn loan deal with the IMF agreed in November 2016.

As with electricity...