Friday 20 July 2018
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Daily News Egypt
5 months ago

34% increase in fuel subsidies costs in H1 FY 2017/18: El-Molla

The costs of fuel subsidies grew by 34% in the first half (H1) of the fiscal year (FY) 2017/18, to reach EGP 51bn, increasing from EGP 38bn,  Minister of Petroleum Tarek El-Molla told Reuters on Wednesday. El-Molla added that despite the witnessed increase in subsidies costs, the subsidies bill is still EGP 4bn below The post 34% increase in fuel subsidies costs in H1 FY 2017/18: El-Molla appeared first on Daily News Egypt.

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