Egypt: fuel price decision and government comments on energy costs
What happened
Egyptian outlets report a fuel price change set by the Automatic Pricing Committee for Petroleum Products. President El-Sisi, per Egypt Today, said the state bears most of the actual energy costs amid global price hikes.
When it started
The sources give no specific date. Egypt Independent says the new fuel prices take effect on Saturday, and the articles do not state when the other remarks were made.
How it spread
According to Egypt Independent, the new prices follow a decision by the Automatic Pricing Committee for Petroleum Products. The State Information Service (SIS) says the Prime Minister's remarks on electricity load shedding were taken out of context.
Why it matters
The sources tie the fuel pricing decision to global price increases and the state's share of energy costs. The sources do not give the amounts of the price changes. None of the sources discuss Nigeria, the region this item was requested for.
Sources