Home North Africa Egypt Tempers fray, prices rise as Egypt cuts fuel subsidies

Tempers fray, prices rise as Egypt cuts fuel subsidies

CAIRO (Reuters) – Cairo bus driver Mohamed Salame voted for Abdel Fattah al-Sisi in the hope he would fix Egypt’s manifold problems, but now he curses the new president for making life harder by hiking the price of the state-subsidised fuel vital to his livelihood.

With the economy reeling from more than three years of political turmoil, Salame says the reform couldn’t have come at a worse time. It cost him 80 Egyptian pounds ($11.19), double the usual amount, to run his 12-seater microbus on Saturday when the price rise was introduced.

“I have five kids, God only knows how I can pay my rent this month,” said Salame, 44, furious over the move which raised the price of gasoline, diesel and natural gas by up to 78 percent…

Read More

South Africa Today Africa – North Africa Egypt News