The Egyptian government postpones the rise in electricity prices for 6 months

Egyptian Prime Minister Mostafa Madbouly said today Wednesday that the government has postponed the increase in electricity prices for a period of 6 months to ease the burden on citizens.

He pointed out that the Egyptian government bears 10 billion pounds due to the postponement of the electricity hikes.

On Monday, Egyptian President Abdel-Fattah El-Sisi announced that he would not implement a rise in electricity prices for homes for quest’year, stating during the opening of animal and dairy production projects and automated slaughterhouses in Sadat City, that the postponement for the third time is aimed at relieving citizens, bearing in mind that 17 million subscribers or 17 One million apartments pay less than 50% of the energy price.

And the Egyptian government announced in June last year that it would extend the electricity price subsidy period for another 3 years, until the year 2025, after it was specified that electricity subsidies would be lifted during the year. ‘fiscal year 2021-2022.

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