Egypt implements second fuel price hike in 2025 to curb subsidies, budget deficit

Egypt has raised the prices of a wide range of petroleum products, as reported by the country’s official newspaper. This marks the second increase this year as part of the government’s efforts to cut subsidies and reduce budget deficits.

The latest price hikes, which range between 10.5% and 12.9%, follow an almost 15% surge in April. The Egyptian Ministry of Petroleum announced that the government will freeze domestic fuel prices for at…