Egypt announces hike in electricity tariff by 19%

Egypt’s Ministry of Electricity has announced a hike in electricity tariff by 19 per cent from  July,2020

This is the seventh increase in prices since the government of President Abdel Fattah Al-Sisi took power in 2014,

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According to the New Khaleej website, the Coronavirus pandemic has put pressure on the government budget as global tourism has come to a halt, leading to a reduction in foreign reserves.

Egypt’s Ministry of Electricity and Renewable Energy had announced earlier that it would raise electricity rates in the fiscal year 2019-2020 starting June by between 3.7 per cent and 39 per cent for households, depending on consumption levels; and between 6.6 per cent and 21.7 per cent for businesses.

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