Egyptian Prime Minister Mustafa Madbouly’s government raised the fuel price saying that it is also important to make sure local production goes on and to balance the economy, AP reported.
Egypt priced fuel by up to 17 percent after the Middle East war has sent prices of oil soaring.
Prime Minister Madbouly said that the government had to make a choice between maintaining current fuel prices which might have imposed heavy costs on the state and raising them to shield industrial and business operations from repercussions of war, according to AP.