VOL. XXXV

NO. 17

27-JANUARY-1992

Egypt

50% Increase in Price of Kerosene and Gas Oil

On 4 January, Egypt raised the price of kerosene and gas oil by 50% from 20piasters (about 6 cents at the current rate of $1.00=E3.3472) to 30 piasters(about 9 cents) per liter. The present price increase, like the three earlierones in 1990 and 1991 (MEES, 14 May and 1 October 1990 and 6 May 1991) are partof on ongoing government policy to gradually reduce subsidies and help curtailthe budget deficit, and at the...